Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 4

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 4
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 Spain’s, Mexico’s and Turkey’s respective credit ratings;

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• the monetary, interest rate and other policies of central banks, and the trade, economic and other policies of governments, in the EU, Spain, Mexico, Turkey, the United States and elsewhere, including the impact of the still-prevailing high interest rates and the escalation of trade tariffs globally on the Group’s results of operations (including potential mark-to-market losses on securities portfolios, reduced demand for credit, increased funding costs and higher default rates). Moreover, any interest rate reductions may result in higher inflation and adversely affect the Group’s results of operations;

• adjustments in the real estate markets in the geographical areas in which we operate, in particular in Spain, Mexico and Turkey;

• the success of our acquisitions and investments, divestitures, mergers, joint ventures and strategic alliances;

• the effects of competition in the markets in which we operate and the rise of neobanks (a new generation of financial institutions that operate exclusively online), which may be affected by regulation or deregulation affecting us or our competitors, and our ability to manage information technology obsolescence, implement technological advances on a timely basis or at all and effectively capture the benefits of emerging technologies, including cloud computing, artificial intelligence, big data analysis, crypto currencies and alternative payment systems;

• our ability to comply with various legal and regulatory regimes and the impact of applicable laws and regulations on our operations, including capital, resolution, liquidity, provision and consumer protection requirements, and the increasing tax burden;

• changes in consumer spending and savings habits, including changes in government policies which may influence spending, saving and investment decisions;

• our ability to continue to access sources of liquidity and funding and our ability to receive dividends and other funds from our subsidiaries;

• the effectiveness of our debt recovery policy, including our ability to recover aged non-performing loans;

• our ability to hedge certain risks economically, including exchange rate risk;

• our ability to address physical, regulatory, reputational, transition and business risks associated with climate change and emerging and developing ESG standards, including our ability to meet any ESG expectations, targets or obligations and the cost thereof;

• our ability to make payments on certain substantial unfunded amounts relating to commitments with personnel;

• the performance of our international operations and our ability to manage such operations;

• weaknesses or failures in the Group’s internal or outsourced processes, systems (including information technology systems) and security;

• weaknesses or failures of our anti-money laundering or anti-terrorism