Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 129

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 129
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)+(B)                         |     | 14.76 |        % |     | 14.40 |        % |
| Tier 2 capital ratio (Tier 2) (C)=(c)/(d)                     |     |  2.97 |        % |     |  2.50 |        % |
| Total capital ratio (A)+(B)+(C)                               |     | 17.72 |        % |     | 16.90 |        % |

(1) Provisional data.

The BBVA Group's earnings have contributed to achieving a consolidated CET1 ratio of 13.34% as of June 30, 2025, which allows maintaining a management buffer over the Group's CET1 requirement as of that date (9.12% 4 ), and which is also above the Group's target management range of 11.5 - 12.0% CET1.

Fully-loaded risk-weighted assets decreased in the first half of the year by €7,417 million, mainly as a result of the evolution of exchange rates (depreciation against the euro of the currencies of the main countries where the Group operates), partially offset by the increase in credit lending, mainly in Spain and Turkey.

The consolidated additional Tier 1 (AT1) capital ratio stood at 1.42% as of June 30, 2025, 10 basis points lower than as of December 31, 2024. In this period, BBVA, S.A. completed an issuance for an amount of €1,000 million of Contingent Convertible instruments (CoCos) in January 2025. In addition, in March 2025, the call for redemption of another issuance of Contingent Convertible instruments for a total amount of €1,000 million was made.

The consolidated Tier 2 ratio stood at 2.97% as of June 30, 2025 which represents an increase of 47 basis points compared to December 31, 2024, mainly due to the issuance of a subordinated bond in Spain for €1,000 million in February 2025, and, to a lesser extent, the issuance in Mexico of subordinated debt for an amount of $1,000 million also in February.

As a consequence of the foregoing, the consolidated total capital ratio stood at 17.72% as of June 30, 2025.

4 Considering the last official updates of the countercyclical capital buffer and systemic risk