Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 535

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 535
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% of the leverage ratio exposure (LRE). |

| – | The subordination requirement is 17.31% of the TREA and 6.35% of the LRE. |

The decision does not introduce changes to the following interim requirements that must be met from 1 January 2022. The own funds used by the Institution to meet the combined buffer requirement (CBR), comprising the capital conservation buffer, the systemic risk buffer and the countercyclical buffer, will not be eligible to meet the MREL and subordination requirements expressed in terms of the TREA. Banco Sabadell is already compliant with the requirements that it needs to meet from 1 January 2024 onwards, which coincide with Banco Sabadell’s expectations and are in line with its funding plans. In 2023, the Institution issued 1.5 billion euros of MREL-eligible senior non-preferred debt and 750 million euros of senior preferred debt.

|                            |     | MREL Requirement |       |   |     |       |      |   |     | Subordination Requirement |       |   |     |       |      |   |
|                            |     | % TREA           |       |   |     | % LRE |      |   |     | % TREA                    |       |   |     | % LRE |      |   |
| Requirement 1 January 2022 |     |                  | 21.05 | % |     |       | 6.22 | % |     |                           | 14.45 | % |     |       | 6.06 | % |
| Requirement 1 January 2024 |     |                  | 22.52 | % |     |       | 6.35 | % |     |                           | 17.31 | % |     |       | 6.35 | % |
| MREL 31 December 2023 (*)  |     |                  | 24.73 | % |     |       | 9.34 | % |     |                           | 20.13 | % |     |       | 7.80 | % |

| (*) | The MREL and Subordination ratios as a % of the TREA do not include capital used to meet the CBR, set at 3.13%. |

Capital management The management of capital resources is the result of an ongoing capital planning process. This process considers the evolution of the economic, regulatory and sectoral environment. It takes into