Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 640

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 640
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ed average number of ordinary shares outstanding (*)                          |     |      | 5,593,885,977 |     |      | 5,586,444,414 |
| Assumed conversion of convertible debt and other equity instruments                 |     |      |               |     |      |             — |
| Weighted average number of ordinary shares outstanding,                             
 adjusted                                                                            |     |      | 5,593,885,977 |     |      | 5,586,444,414 |
| Earnings (or loss) per share (euros)                                                |     |      |          0.13 |     |      |          0.08 |
| Basic earnings (or loss) per share adjusted for the effect of mandatory convertible |     |      |          0.13 |     |      |          0.08 |
| bonds (euros)                                                                       |     |      |               |     |      |               |
| Diluted earnings (or loss) per share (euros)                                        |     |      |          0.13 |     |      |          0.08 |

(*) Number of shares outstanding, excluding the average number of own shares held in treasury stock during the year. As at 31 December 2022 and 2021, there were no other financial instruments or share-based commitments with employees with a significant impact on the calculation of diluted earnings (or loss) per share for the periods presented. For this reason, basic earnings per share coincide with diluted earnings (or loss) per share. Note 4 – Risk management Throughout 2022, Banco Sabadell Group has continued to strengthen its risk management and control framework by incorporating improvements in accordance with supervisory expectations and market trends. Bearing in mind that Banco Sabadell Group takes risks during the course of its activity, good management of these risks is a central part of the business. The Group has established a set of principles, set out in policies and rolled out through procedures, strategies and processes, which aim to increase the likelihood of achieving the strategic objectives of the Group’s various activities, facilitating management in an uncertain environment. This set of principles is called the Global Risk Framework. A-516

4.1. Macroeconomic, political and regulatory environment Macroeconomic environment When managing risks, the Group considers the macroeconomic environment. The most significant aspects of 2022 are set out below:

| – | The main factors at play in 2022 were the war in Ukraine and the energy crisis in