Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 569

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 569
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 4.6%                     
 year-on-year, impacted by lower business and mortgage portfolio volumes. |

| – | In TSB, at constant exchange rates, gross performing loans show a fall of 
 -5.9% year-on-year, due to the reduced volume of the mortgage portfolio.  |

| – | In Mexico, at constant exchange rates, gross performing loans increased by 7.1% year-on-year. |

III. Concentration:

| – | From a sectoral point of view, the loan portfolio is diversified, has limited exposure to the sectors most sensitive 
 to the current environment.                                                                                          |

| – | Similarly, in terms of individual concentration, the metrics relating to concentration of large exposures show a                      
 slight downward trend and remain within the target level. The credit rating of the largest exposures has also improved over the year. |

| – | Geographically speaking, the portfolio is positioned in dynamic regions, both in Spain and worldwide. International 
 exposures account for 37% of the loan book.                                                                         |

IV. Strong capital position:

| – | The CET1 ratio improved by 64 basis points to 13.2% in fully-loaded terms as at 2023 
 year-end (compared to 12.55% as at 2022 year-end).                                   |

| – | The fully-loaded and phase-in Total Capital ratios stand at 17.76% as at the                                                                                
 end of 2023, thus remaining above the requirements for 2024 with an MDA buffer of 431 basis points. The fully-loaded and phase-in leverage ratio was 5.19%. |

V. Sound liquidity position:

| – | The Liquidity Coverage Ratio stands at 228% (compared with 234% at the end of 2022), with total liquid assets of 
 61,783 million euros.                                                                                            |

4.2.2 Strengthened credit risk management and control environment 2023 has been marked by the monitoring and control of the effects stemming from the inflationary environment and the cycles of interest rate hikes implemented by the central banks in the main geographical areas where Banco Sabadell operates. To that end, special attention has been paid to strengthening the RAS metrics framework, while risk frameworks have been revised and the risk exposure to the sectors most severely impacted by the current environment has been assessed, proactively managing the counterparties that are potentially most affected. In the case of individuals, oversight of the management and control framework has continued, with monitoring of the RAS