Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 47

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 47
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 the Group indicators used to calculate the Annual Variable Remuneration for the rest of the Group’s employees, are as follows: ? In 2024 the BBVA Group has accrued a net attributable profit of €10,054 million, which compares very positively with the figure of €8,019 million of last year (+25.4%). This has been specially driven by the good performance of the recurrent income of the banking business (due to the trend in the clients’ spreads, the dynamism of the lending activity and the growth in fees). This same figure has been taken for incentive purposes. ? The operating expenses have had a good performance over the year, growing below income (gross margin) and average inflation of the footprint. This had led the efficiency ratio to 40.0% versus 41.7% as of the previous year. Meanwhile, loan-loss provisions have increased this year influenced by the increase of the activity and the higher needs of the retail portfolio (to a large extent due to the high growth of these profitable segments over the last years). ? Finally, the strong increase in profit allows for an annual improvement of the profitability level, leading to a RORC of 21% (coming from 18.1% last year). The three indicators previously referred to closed the year above the established targets. ANNUAL INDICATORS – 2024 STI Indicator Weighting Scale Level of achievement ? € 9,853 M 150% Net attributable profi t 20% € 8,957 M 100% ? € 6,270 M 0% ? 21.27% 150% Return on Regulatory Capital (RORC) 20% 19.34% 100% ?13.54% 0% ?38.05% 150% Effi ciency ratio 20% 41.13% 100% ?44.21% 0% 150 150% Net Promoter Score 15% 100 100% 0 0% 150 150% Target customers 15% 100 100% 0 0% ? € 98,823 M 150% Channeling of sustainable business 10% € 76,349 M 100% ?€ 58,601 M 0% This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Report on the Remuneration of BBVA Directors 41 ? Likewise