Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 214

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 214
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 19/2003, is made pursuant to what is foreseen in Sole Transitional Provision of Royal Decree-Law34/2020, of November 17, or—only where the investor is a Non-UEor non-EFTAinvestor—by investors that meet certain subjective criteria regardless of the business of the target:

| · |     | non-EU and non-EFTA investors are also subject to the Screening Mechanism, 
 regardless of the business of the target:                                  |

| · |     | investors directly or indirectly controlled by a non-EU and non-EFTA                                                                                                                                                                                   
 government, including state bodies, armed forces or sovereign wealth funds; the possibility of exercising decisive influence as a result of an agreement or through the ownership of shares or interests in another person (directly or indirectly) is 
 deemed to constitute “control” for these purposes;                                                                                                                                                                                                     |

17

| · |     | investors that have already made an investment affecting national security, public order or public health in another EU Member State, including an investment 
 in any of the above-mentioned sectors; and                                                                                                                    |

| · |     | if there is a serious risk that the investor engages in illegal or criminal activities affecting national security, public order or public health in Spain. |

Foreign direct investments described above shall be subject to prior administrative authorization by the relevant Spanish authority. In addition to the above, pursuant to Council Regulation (EU) 2022/318 of February 25, 2022, it shall be prohibited to sell euro denominated transferable securities issued after April 12, 2022 or units in collective investment undertakings providing exposure to such securities, to any Russian national or natural person residing in Russia or any legal person, entity or body established in Russia. This restriction shall not apply to nationals of a Member State or natural persons having a temporary or permanent residence permit in a Member State. See also “— Restrictions on Acquisitions of Ordinary Shares” below. Restrictions on Acquisitions of Ordinary Shares BBVA’s bylaws do not provide any restrictions on the ownership of ordinary shares. Because BBVA is a Spanish bank, however, the acquisition or disposition of a significant participation of BBVA shares is subject to certain restrictions. Such restrictions may impede a potential acquirer’s ability to acquire BBVA shares and gain control of BBVA. See also “— Exchange Controls and Restrictions on Foreign Investments”. Pursuant to Law 10/2014, any individual or corporation, acting alone or in concert with others, intending to