Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 801

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 801
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identified risks.

Forward-looking analyses under adverse scenarios are supplemented by reverse stress tests, which identify idiosyncratic
characteristics of the Group that may pose a relevant risk to its solvency if they were to materialise.

The combination of the various solvency
measures (static or dynamic and regulatory or economic), taking into account the inventory of risks affecting the Group and the main vulnerabilities detected, enables the Board of Directors, as the highest body responsible for the ICAAP, to obtain a
conclusion on Group’s solvency position.

The Group has implemented an analytical system of risk-adjusted return on capital (RAROC), which
provides an assessment of the capital required and allows measuring the return obtained from the transaction and customer level down to the business unit level, enabling uniform comparisons to be made, as well as its inclusion in the transaction
pricing process.

The level and quality of capital are Group RAS metrics and their management and control are governed by the Group’s Risk
Appetite Framework (RAF).

For more information on capital management, see the Pillar III Disclosures report, published annually, which is
available on the Group’s website ), in the section on Information for shareholders and investors / Financial information.

A-662

Eligible capital and capital ratios As at 31 December 2022, the Group’s eligible capital amounted to 13,587 million euros (14,501 million euros as at 31 December 2021), representing a surplus of 3,175 million euros (4,014 million euros as at 31 December 2021), as shown below:

| Thousand euro                                                          |     |      |            |     |      |            |     |              |        |
|                                                                        |     | 2022 |            |     | 2021 |            |     | Year-on-year 
 change (%)   |        |
| Capital                                                                |     |      |    703,371 |     |      |    703,371 |     |              |      — |
| Reserves (includes profit attributable to the Group, net of dividends) |     |      | 12,838,901 |     |      | 12,519,248 |     |              |   2.55 |
| Valuation and transitional adjustments                                 |     |      |   -544,155 |     |      |   -148,352 |     |              | 266.80 |
| Deductions                                                             |     |      | -