Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 315

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 315
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 capital ratios and the leverage ratio, their composition, parameters and their management, see the Pillar Ill Disclosures report, which is published every quarter and is available on the Bank’s website (www.grupbancsabadell.com) in the section “Shareholders and Investors / Economic and financial information”. MREL On 17 December 2024, Banco Sabadell received a communication from the Bank of Spain regarding the decision reached by the Single Resolution Board (SRB) concerning the Minimum Requirement for own funds and Eligible Liabilities (MREL) and the subordination requirement applicable on a consolidated basis. These new requirements are based on balance sheet data as at December 2023. The new requirements that must be met as from 17 December 2024 are as follows:

| – | The MREL requirement is 22.14% of the Total Risk Exposure Amount (TREA) and 6.39% of the Leverage Ratio Exposure 
 (LRE).                                                                                                           |

| – | The subordination requirement is 15.84% of the TREA and 6.39% of the LRE. |

| 6 | The 13% is set in terms of fully-loaded CET1, applying the regulatory implementation schedule of the output floor. |

A-36

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. The own funds used by the Institution to meet the Combined Buffer Requirement (CBR) will not be eligible to meet the MREL and subordination requirements expressed in terms of the TREA. In the calibration of the MREL requirement, the Group has obtained the maximum possible reduction of 20% of the Market Confidence Charge (MCC) taking into account the progress shown in its level of resolvability and based on the provisions of Article 12d(3) of Regulation (EU) 2019/877, which states that the SRB has the power to establish a lower amount of said component in the calibration process of the MREL requirement. As at 30 June 2025, Banco Sabadell was compliant with the MREL requirements established by the Single Resolution Board (SRB), in force since 17 December 2024. The table shown below sets out details of the Group’s MREL as a percentage of the TREA, as at 30 June 2025 and 31