Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 36

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 36
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 the consolidated financial statements of Banco Sabadell as of and for the years ended December 31, 2024, 2023 and 2022 or the condensed consolidated interim financial statements of Banco Sabadell as of and for the
six months ended June 30, 2025.

Certain of the financial information relating to Banco Sabadell included in this offer to
exchange/prospectus has been extracted from the consolidated financial statements of Banco Sabadell as of and for the years ended December 31, 2024, 2023 and 2022 and the condensed consolidated interim financial statements of Banco

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Sabadell as of and for the six months ended June 30, 2025, each included as Appendix I to this offer to exchange/prospectus. Such consolidated financial statements have not been audited under
U.S. GAAS and are therefore not considered audited financial statements under SEC rules. Consequently, no audit report has been included herein on such consolidated financial statements. However, as a listed company in Spain, Banco Sabadell is
subject to ongoing reporting requirements under CNMV rules, including that its annual financial statements be audited under prevailing legislation regulating the audit of accounts in Spain.

The financial position and results of operations of TSB are included within the perimeter of the consolidated financial information of Banco
Sabadell included in this offer to exchange/prospectus. However, on July 1, 2025, Banco Sabadell published the TSB Sale Inside Information Notice, informing that it had received a binding offer for the consummation of the TSB Sale. According to
the TSB Sale Inside Information Notice, closing of the TSB Sale is expected to occur in the first quarter of 2026. For additional information on the TSB Sale, see “The Exchange Offer—TSB Sale”. If the exchange offer is completed
and the TSB Sale is consummated, TSB will, following consummation of the TSB Sale, no longer be part of the BBVA Group.

Description of Certain Differences Between IFRS-EUand IFRS-IASB

Banco Sabadell prepares its consolidated financial
statements in accordance with IFRS as adopted by the European Union (“EU”) (“IFRS-EU”) while BBVA’s financial statements are prepared in compliance with IFRS as issued by the
International Accounting Standards Board (“IFRS-IASB”). Based on BBVA’s reading of Banco Sabadell’s consolidated