Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 647

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 647
---
 as more recent balance sheets with a more diluted impact of the health crisis are introduced. |

| – | Geographically speaking, the portfolio is positioned in the most dynamic regions, both in Spain and worldwide. 
 International exposures account for 36% of the loan book.                                                      |

| IV. | Strong capital position: |

| – | The CET1 ratio improved by 33 basis points to 12.55% in fully-loaded terms as at 2022 
 year-end (compared to 12.22% as at 2021 year-end).                                    |

| – | The phase-in Total Capital ratio stood at 17.08% as at the end of 2022, thus                                               
 remaining above requirements with an MDA buffer of 399 basis points. The leverage ratio was 4.59% (in fully-loaded terms). |

| V. | Sound liquidity position: |

| – | The LCR stood at 234% (compared to 221% as at 2021 year-end) and the loan-to-deposit ratio was 96% at the end of 2022. |

A-520

4.2.2 Strengthened credit risk management and control environment 2022 has been marked by the monitoring and control of the measures introduced to mitigate the effects of Covid-19,as well as high inflation and the effects of the war in Ukraine. To that end, particular attention has been paid to monitoring and controlling the measures introduced (mainly ICOs). RAS metrics have also been strengthened and exposure to the sectors most affected by the crisis has been assessed to mitigate its impact. In the case of individuals, the management and control framework has been reinforced, with changes in RAS metrics and with new origination rules and proposals for interest rate adjustments, effort rates and available income to cope with higher interest rates and the inflationary environment. Performance of the main solutions offered in Spain In terms of the ICO Covid lines, as at 31 December 2022, the amount of the loans granted was approximately 7.4 billion euros (8.6 billion euros as at 31 December 2021). As at year-end,the bulk of the payment holidays had already expired. In 2022, Banco Sabadell took up the new ICO guarantee line in the context of war in Ukraine and undertook to adhere to the new Code of Good Practice, which includes measures to ease the mortgage burden of vulnerable individuals. Performance of the main solutions offered in the United Kingdom In the United Kingdom