Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 292

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 292
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 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

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 December 2024:

|                                               |     | 30/06/2025 |        |     | 31/12/2024 |        |
| CET1, phase-in                                |     |            | 13.62% |     |            | 13.03% |
| AT1, phase-in                                 |     |            | 3.47%  |     |            | 2.17%  |
| Tier 2, phase-in and subordinated liabilities |     |            | 2.29%  |     |            | 2.87%  |
| Senior non-preferred debt                     |     |            | 5.40%  |     |            | 5.63%  |
| Senior preferred debt                         |     |            | 4.20%  |     |