Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 297

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 297
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% to the US dollar and 13% to the Mexican peso. Note 5 – Minimum own funds and capital management Capital ratios The Group calculates minimum own funds requirements in accordance with the regulatory framework based on Regulation (EU) 575/2013 (CRR), which sets forth the capital and solvency requirements, and Directive 2013/36/EU (CRD IV), in relation to prudential supervision. These regulations were amended in 2024 by Regulation (EU) 2024/1623 (CRR Ill) and by Directive (EU) 2024/1619 (CRD VI), respectively. The CRR Ill regulation is applicable in the European Union, as a general rule, as from 1 January 2025, while the CRD VI directive should be transposed into Spanish law by no later than 10 January 2026 and shall be applicable, as a general rule, as from 11 January 2026. In accordance with the aforesaid regulatory framework, credit institutions must comply with a total capital ratio of 8% at all times. However, regulators may exercise their authority and require institutions to maintain additional capital. On 1 October 2024, the Bank of Spain approved the new framework to calculate the countercyclical capital buffer and established that, for exposures located in Spain, the countercyclical buffer percentage shall be 0.5%, applicable as from 1 October 2025. Thereafter, provided that cyclical systemic risks are maintained at a standard level, the buffer percentage will be raised to 1% as from the fourth quarter of 2025 (to be applicable as from 1 October 2026). This second increase of the countercyclical buffer will be confirmed at a later date by a new decision to be taken by the Bank of Spain which, on 8 July 2025, announced the beginning of the public information process. The minimum prudential requirements applicable to Banco Sabadell on a consolidated basis since 1 January 2024 resulting from the Supervisory Review and Evaluation Process (SREP), require Banco Sabadell to maintain a minimum phase-inCommon Equity Tier 1 (phase-inCET1) ratio of 8.95% and a minimum phase-intotal capital ratio of 13.43%. These ratios include the minimum required by Pillar 1 (8%, of which 4.50% corresponds to CET1), the Pillar 2 Requirement, or Pillar