Company: BBVXF
Filing Date: 2025-05-01
Form Type: 425
Source: 0001193125-25-108507
Chunk: 1

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 425
Chunk 1
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 are fewer than three competitors; or in municipalities with fewer than 5,000 
 residents.                                                                                                                                                                                   |

| ● | The remedy to maintain the commercial terms and conditions for retail customers, the     
 self-employed and SMEs in postal codes with fewer than four competitors also stands out. |

| ● | Furthermore, BBVA will create an account for vulnerable customers from both Banco 
 Sabadell and BBVA, with no fees and a free debit card, among other conditions.    |

| ● | As for SMEs and the self-employed, in addition to not closing any of the Banco                                                                                                                                                                         
 Sabadell branches specializing in businesses, BBVA has also committed to maintain working capital credit lines for three years (extendable by two more years, should the CNMC decide to do so) for all SMEs banking with Banco Sabadell and the credit 
 lines and goods import-export facilities for all Sabadell self-employed customers. Moreover, BBVA commits to maintain the total credit volume for SMEs whose aggregated CIRBE1 credit exposure with                                                    
 BBVA and Banco Sabadell is at least 85%. In the Autonomous Communities where the share of the resulting entity’s SME lending segment will be higher (Catalonia and the Balearic Islands), this remedy will apply to SMEs whose aggregated CIRBE5       
 credit exposure is at least 50%.                                                                                                                                                                                                                       |

| ● | In addition, for SMEs and the self-employed in postal codes where there are fewer than four             
 competitors, prices of the new credit flow will not exceed the average price applied at national level. |

| 1 | Central de Información de Riesgos del Banco de España. |

04.30.2025

| ● | As for the acquiring services market (POS), BBVA has committed to maintain the terms                         
 of acquiring services contracted by SMEs and self-employed customers with either BBVA and/or Banco Sabadell. |

“The union with Banco Sabadell is a project of growth, which will allow us to increase our lending capacity to businesses and households by an additional €5 billion per year. Furthermore, the remedies that we assume favor financial inclusion, territorial cohesion, credit for SMEs and the self-employed, and preserve competitiveness—especially in places where Banco Sabadell has a greater presence, such as Catalonia”, said BBVA Chair Carlos Torres Vila. As stated by the CNMC in a press release, “considers that the remedies presented by BBVA are adequate, sufficient and proportionate to