Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 744

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 744
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 year-on-year in all geographies, excluding the impact of the evolution of foreign currencies, with annual growth figures of 1.7% in Spain, 3.3% in the UK (TSB) and 1.4% 
 in Mexico.                                                                                                                                                               |

| – | In Spain, the year-on-year growth is                                                                                   
 primarily driven by loans to individuals (the increase in the mortgage portfolio is noteworthy) and by business loans. |

| – | In TSB, at a constant exchange rate, annual growth was 3.3%, supported by the positive evolution of the mortgage 
 book.                                                                                                            |

| III. | Concentration: |

| – | From a sectoral point of view, the loan portfolio is diversified, has limited exposure to the sectors most sensitive 
 to the current environment and follows a downward trend.                                                             |

| – | Similarly, in terms of individual concentration, the risk metrics relating to concentration of large exposures do                                                                                                                    
 show a slight upward trend but nevertheless remain within the appetite level. The credit ratings of top segments improve significantly as more recent balance sheets with a more diluted impact of the health crisis are introduced. |

| – | Geographically speaking, the portfolio is positioned in the most dynamic regions, both in Spain and worldwide. 
 International exposures account for 36% of the loan book.                                                      |

| IV. | Strong capital position: |

| – | The CET1 ratio improved by 33 basis points to 12.55% in fully-loaded terms as at 2022 
 year-end (compared to 12.22% as at 2021 year-end).                                    |

| – | The phase-in Total Capital ratio stood at 17.08% as at the end of 2022, thus                                               
 remaining above requirements with an MDA buffer of 399 basis points. The leverage ratio was 4.59% (in fully-loaded terms). |

| V. | Sound liquidity position: |

| – | The LCR stood at 234% (compared to 221% as at 2021 year-end) and the loan-to-deposit ratio was 96% at the end of 2022. |

A-609

4.2.2 Strengthened credit risk management and control environment 2022 has been marked by the monitoring and control of the measures introduced to mitigate the effects of Covid-19,as well as high inflation and the effects of the war in Ukraine. To that end, particular attention has been paid