Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 62

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 62
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ing the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”).

The AT1 ratio stood at 1.39% as of September 30, 2025, a decrease of 14 basis points from December 31, 2024. During the nine months ended September 30, 2025, Banco Bilbao Vizcaya Argentaria, S.A. completed an issuance for an amount of USD 1.0 billion of contingent convertible preferred securities (CoCos), as well as the early redemption of another issuance for the same amount. The depreciation of the U.S. dollar had a negative impact on the AT1 contribution of such CoCos.

The fully-loaded Tier 2 ratio stood at 2.94% as of September 30, 2025, which represents an increase of 44 basis points compared to December 31, 2024, mainly due to the issuance of subordinated debt by Banco Bilbao Vizcaya Argentaria, S.A. in Spain, amounting to €1.0 billion, during the nine months ended September 30, 2025. In addition, issuances of subordinated debt were completed during such period in Mexico (USD 1.0 billion) and Turkey (USD 500 million).

As a result of the above, the total fully-loaded capital ratio stood at 17.75% as of September 30, 2025.

2 Considering the last official updates of the countercyclical capital buffer and systemic risk buffer, calculated on the basis of exposure as of June 30, 2025.

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The consolidated ratios as of September 30, 2025 and December 31, 2024 were as follows:

| CAPITAL BASE (MILLIONS OF EUROS) (1) |     |                        |     |         |     |                   |
|                                      |     | September 30, 2025 (2) |     |         |     | December 31, 2024 |
| Common Equity Tier 1 (CET1)          |     |                        |     |  53,056 |     |            50,799 |
| Tier 1                               |     |                        |     |  58,541 |     |            56,822 |
| Tier 2                               |     |                        |     |  11,614 |     |             9,858 |
| Total capital (Tier