Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 803

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 803
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�%  |     |      | 1.12 %  |
| Total                  |     |      | 100 %   |     |      | 100 %   |

Includes counterparty credit risk. The leverage ratio aims to reinforce capital requirements by providing a supplementary measure that is not linked to the level of risk. Article 92 of the CRR-IIregulation establishes that a minimum leverage ratio of 3% is required as from June 2021; this percentage is comfortably exceeded by the Group as at 31 December 2022. The leverage ratio as at 31 December 2022 and 2021 is shown below:

| Thousand euro  |     |      |             |     |      |             |
|                |     | 2022 |             |     | 2021 |             |
| Tier 1 capital |     |      |  11,732,751 |     |      |  12,479,533 |
| Exposure       |     |      | 253,840,350 |     |      | 211,616,215 |
| Leverage ratio |     |      |      4.62 % |     |      |      5.90 % |

In 2018, following the entry into force of IFRS 9, the Group opted to apply the transitional arrangements set forth in Regulation (EU) 2017/2395. A-666

During 2022, the leverage ratio decreased by 128 basis points compared to that as at 31 December 2021, mainly due to the voluntary early redemption envisaged in the conditions of the AT1 Preferred Securities 1/2017 issue, whose value amounted to 750 million euros, and to the end of the transitional period that allowed the exclusion of exposures of deposits held at central banks from the leverage ratio. This transitional period began to apply in September 2020 through Decision (EU) 2020/1306, which provided for validity until 27 June 2021. This validity period was subsequently extended until 31 March 2022 through Decision (EU) 2021/1074. The following table shows the impact that the application of the transitional arrangements in force in 2022 has had on the various capital ratios (in phase-interms) compared to the impact if the IFRS 9 rules had been applied in full (in fully-loaded terms):

| Thousand euro                                                                                                                                                       |     |