Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 301

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 301
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 ratio          |     |            |       5.37% |     |            |       5.20% |

During the first half of 2025, the leverage ratio increased by 17 basis points compared to 31 December 2024, mainly due to the issuance of contingently convertible preferred securities on 20 May 2025 and the positive evolution of CET1 capital, which was largely due to the profits generated in the period. The improvement in CET1 is partially offset by increased exposure, essentially resulting from the growth of deposits with central banks, lending items and public debt, and the impact of the entry into force of CRR Ill due to the changes introduced to the Credit Conversion Factors (CCFs) applicable to off-balancesheet items; these impacts are partially offset by the currency effect. The fully-loaded leverage ratio as at 30 June 2025 is 5.37%, while the phase-inratio is identical as the impact of the transitional arrangements introduced by CRR Ill is marginal. Considering the aforementioned commitment to distribute any excess capital above the 13% CET1 ratio 6, the leverage ratio would stand at 5.19%, both phase-inand fully-loaded, as at 30 June 2025. For more information on capital ratios and the leverage ratio, their composition, parameters and their management, see the Pillar Ill Disclosures report, which is published every quarter and is available on the Bank’s website (www.grupbancsabadell.com) in the section “Shareholders and Investors / Economic and financial information”. MREL On 17 December 2024, Banco Sabadell received a communication from the Bank of Spain regarding the decision reached by the Single Resolution Board (SRB) concerning the Minimum Requirement for own funds and Eligible Liabilities (MREL) and the subordination requirement applicable on a consolidated basis. These new requirements are based on balance sheet data as at December 2023. The new requirements that must be met as from 17 December 2024 are as follows:

| – | The MREL requirement is 22.14% of the Total Risk Exposure Amount (TREA) and 6.39% of the Leverage Ratio Exposure 
 (LRE).                                                                                                           |

| – | The subordination requirement is 15.84% of the TREA and 6.39% of the LRE. |

| 6 | The 13% is set in terms of fully-loaded CET1, applying the regulatory implementation schedule of