Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 485

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 485
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 the regulatory changes of the aforesaid resolution framework reform. On 17 December 2024, Banco Sabadell received a communication from the Bank of Spain regarding the decision made by the Single Resolution Board (SRB) concerning the minimum requirement for own funds and eligible liabilities (MREL) and of the subordination requirement applicable to the Institution 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. |

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.

|                                |     | Previous requirements (*) |     |       |     | New requirements |     |       |
|                                |     | % TREA                    |     | % LRE |     | % TREA           |     | % LRE |
| MREL Requirement (**)          |     | 22.52%                    |     | 6.35% |     | 22.14%           |     | 6.39% |
| Subordination Requirement (**) |     | 17.31%                    |     | 6.35% |     | 15.84%           |     | 6.39% |

(*) Effective from 1 January 2024 to 16 December 2024. (**) The MREL and subordination requirements as a % of the TREA do not include capital used to meet the CBR. In 2024, the Group issued 1 billion euros of MREL-eligible senior non-pre