Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 170

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 170
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 resulting from completion of the exchange offer on July 24, 2024. |

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In addition, on May 28, 2024 the exchange offer was notified on a voluntary basis to the CMA, the UK’s antitrust authority. On June 7, 2024 the CMA confirmed that it had no further questions regarding the exchange offer. Spanish Antitrust Authorization BBVA submitted to the CNMC its request for authorization of the economic concentration resulting from completion of the exchange offer on May 31, 2024. On April 30, 2025, following Phase I and Phase II review, the CNMC issued a resolution authorizing the economic concentration resulting from completion of the exchange offer subject to the following commitments (the “CNMC Commitments”), most of which have a duration of three years beginning on the date that BBVA designates a majority of Banco Sabadell’s board of directors (other than, only with respect to BBVA, certain commitments aimed at preserving its physical presence in certain territories and the maintenance of the commercial terms and conditions of certain products and services already contracted, which entered into force when the CNMC’s resolution became effective on June 24, 2025):

| • |     | With respect to financial inclusion, territorial cohesion and protection for vulnerable customers, BBVA commits                                                                                                                                       
 to (i) not close branches where there is no other nearby BBVA or Banco Sabadell branch within a radius of 300 meters; (ii) not close branches in those postal codes where the per capita income is less than €10,000 as of the date of the            
 CNMC’s resolution; (iii) not discontinue the branch presence of BBVA or Banco Sabadell (nor substitute any such branches by an agent, a mobile bank or other means) in any municipality in which there are fewer than three competitors as of the     
 date of the CNMC’s resolution (49 municipalities); (iv) offer to customers in identified municipalities use of the “Correos Cash” banking service with two free weekly transactions under €2,500 each; (v) not close BBVA or Banco                    
 Sabadell branches in municipalities with fewer than 5,000 inhabitants where at least one branch of BBVA or Banco Sabadell operates as of the date of the CNMC’s resolution (140 municipalities); (vi) not close Banco Sabadell branches               
 specializing in business customers anywhere in Spain; (vii) maintain teller services, with the same business hours as