Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 539

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 539
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 ratio of 3% is required as from June 2021; this percentage is comfortably exceeded by the Group as at 31 December 2023. The phase-in leverage ratio as at 31 December 2023 and 2022 is shown below:

| Thousand euro  |     |      |             |     |      |             |
|                |     | 2023 |             |     | 2022 |             |
| Tier 1 capital |     |      |  12,096,761 |     |      |  11,732,751 |
| Exposure       |     |      | 233,254,941 |     |      | 253,840,350 |
| Leverage ratio |     |      |      5.19 % |     |      |      4.62 % |

During 2023, the leverage ratio increased by 57 basis points compared to the leverage ratio as at 31 December 2022, mainly due to the decrease in the exposure with central banks linked in large part to TLTRO repayments and, to a lesser extent, the decline in lending volumes. Tier 1 capital also improved during the period, mainly due to the positive evolution of Common Equity Tier 1 (CET1) capital thanks to the profit earned during the year, combined with the positive impact of the net movement of new issues and redemptions of preferred securities during the year. A-350

For more information about capital management, capital ratios and the leverage ratio, their composition, details of parameters and their management, see the Pillar III Disclosures report, which is published annually and is available on the Group’s website (www.grupbancsabadell.com), in the section “Information for shareholders and investors - Financial information”. Note 6 – Fair value of assets and liabilities Financial assets and financial liabilities The fair value of a financial asset or financial liability at a given date is understood as the amount at which it could be sold or transferred, respectively, as at that date, between two independent and knowledgeable parties acting freely and prudently, under market conditions. The most objective and commonly used reference for the fair value of a financial asset or financial liability is the price that would be paid in an organised, transparent and deep market (‘quoted price’ or ‘market price’). When there is no market price for a particular financial asset or financial liability, the fair value is estimated based on the values established for similar instruments in recent transactions