Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 634

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 634
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2 |     |                  | 21.05 | % |     |       | 6.22 | % |     |                           | 14.45 | % |     |       | 6.06 | % |
| Requirement 1 January 2024 |     |                  | 22.52 | % |     |       | 6.35 | % |     |                           | 17.31 | % |     |       | 6.35 | % |
| MREL 31 December 2023 (*)  |     |                  | 24.73 | % |     |       | 9.34 | % |     |                           | 20.13 | % |     |       | 7.80 | % |

| (*) | The MREL and Subordination ratios as a % of the TREA do not include capital used to meet the CBR, set at 3.13%. |

Capital management The management of capital resources is the result of an ongoing capital planning process. This process considers the evolution of the economic, regulatory and sectoral environment. It takes into account the expected capital consumption of different activities, under the various envisaged scenarios, and the market conditions that could determine the effectiveness of the different actions being considered for implementation. The process is enshrined within the Group’s strategic objectives and aims to achieve an attractive return for shareholders, whilst also ensuring that its level of own funds is appropriate in terms of the risks inherent in banking activity. As regards capital management, as a general policy, the Group aims to adjust its available capital to its overall level of risks incurred. The Group follows the guidelines set out in CRD-V and associated regulations, as well as their successive updates, in order to establish own funds requirements that are inherent in the risks actually incurred by the Group, based on independently validated internal risk measurement models. To this end, the Group has been authorised by the supervisor to use the majority of its internal models to calculate regulatory capital requirements. The Group carries out frequent backtesting exercises on its IRB models, at least once a year. These backtesting exercises are carried out independently by the Models and Internal Validation unit and reported for monitoring purposes to the established internal governing bodies, such as the Models Committee, the Technical Risk Committee and the Board Risk Committee (delegated Board committee). Additionally, the backtesting results that affect the risk parameters used to calculate regulatory capital and the main conclusions drawn from those results are included in the annual Pillar III Disclosures report, taking into