Company: BBVXF
Filing Date: 2025-09-05
Form Type: 425
Source: 0001193125-25-197292
Chunk: 3

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: 425
Chunk 3
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ell, as you all know, is clearly overrepresented in the SME segment and BBVA in retail and incorporates. During 2024, these market positions, they have further improved. Thus, this merger will create a stronger entity combining the
complementary strength of each resulting bank in a more balanced portfolio, especially for Sabadell.

Lastly, the fourth driver, BBVA’s global reach.
BBVA’s global reach will mean an enhanced offer for Sabadell’s SME and enterprise clients with a full product suite across a wider geographical network. BBVA is already a cross-border bank. In fact, as you can see on the page, we are
creating more than EUR2 billion in revenues from the overseas businesses of our clients beyond their home country. And our new strategic plan, it puts further focus on the enterprise clients and the cross-border business, which will lead to
higher value creation from Sabadell’s client franchise.

On Page 7, from the first day, we also claimed that this is a transaction that benefits all the key
stakeholders. Clients with a better offer, the society with a larger lending capacity of an additional EUR5.4 billion after the realization of full synergies, due to the efficiency of the resulting entity, and employees with opportunities in a
leading global bank setting. Our conviction on the matter is further reinforced with the commitments we have put on the table as part of the regulatory clearance process and also beyond.

I don’t want to go into the details as we have the full list of commitments in the link highlighted at the footnote of this page, but in short, for the protection
of clients, we have put forward an unprecedented set of volume and price guarantees, ensuring continued affordable access to credit for our clients. And for territorial cohesion and support for communities, we reiterated our strong commitment with
the key territories, Catalunya, Valencia, Asturias, where Banco Sabadell has a large presence. For example, by keeping the headquarters in Sant Cugat, further growing the hub in Barcelona for start-ups and
maintaining all the social activity through Sabadell foundations.

Now moving to Page number 8 and to the second chapter, where we claim that BBVA, as Carlos also
mentioned, a great entity to partner with for Sabadell shareholders. Why do we claim so? Page 8 shows that in-growth on one axis, and we have shown this page in the past, but it’s an important page in
our view, in-growth