Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 5

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 5
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 low capital consumption and high value creation, such as insurance, private banking, asset management and the payments ecosystem.

Unlock the Potential of artificial intelligence and innovation through data availability and Next Gen tech

The responsible use of data and new technologies has always been a key factor in BBVA's strategy.

The new strategic plan highlights the importance of data availability as a critical step to generate a differential impact on the entire value chain, both at the customer level with a hyper-personalized and differential proposal, and at the level of efficiency and control thanks to process automation.

The evolution to Next Gen technologies is fundamental to efficiently face all the requirements derived from hyper-personalization and increased customer interactions.

#### Strengthen our empathy, succeed as a winning team
The 2025 - 2029 strategic plan puts the focus back on the team as a critical factor in strategy execution.

Empathy becomes a key element throughout the organization to drive the customer perspective in a radical way.

The new priorities demand a team with a winning and ambitious character to continue leading the transformation. A team that is proud to be part of BBVA, that does not conform and always seeks excellence and differential added value for the customer.

| PILLAR 3 2024 |     | 1. INTRODUCTION |     | P.16 |

1.2. Executive summary

Article 447 CRR

The strength of the BBVA Group's earnings has contributed to achieving a consolidated fully loaded CET1 ratio of 12.88% as of December 31, 2024, which allows it to maintain a large management buffer over the Group's CET1 requirement as of that date (9.13%), which is also above the Group's target management range of 11.5 - 12.0% CET1.

The CET1 fully loaded ratios path at the end of each quarter since December 31, 2023 is presented below:

The fully loaded CET1 ratio increased by 21 basis points, mainly explained by the great generation of earnings in

the year (+276 basis points) which, net of shareholder remuneration and payment of convertible contingent instrument coupons (CoCos), generated a positive contribution of +127 basis points.

Meanwhile, the growth in risk-weighted assets (RWA) derived from the organic growth of the business in constant terms, mainly as a result of the increase in the loan portfolio, and, to a lesser extent, debt securities, as well as risk transfers that drained the ratio by -155 basis points.

Finally, the other elements that