Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 65

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 65
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 potential ex post adjustments based on the result of a series of multi-year performance indicators, approved by the Board of Directors in 2019. Therefore, the amount of the 2019 Deferred AVR could be reduced, but never increased, in the event that the thresholds set for each of them were not met. The result of these indicators was calculated in 2023 (after the third year of deferral) over a three-year measurement period (2020–2022), revealing that no reduction should be applied to the amount of the 2019 Deferred AVR: The foregoing was disclosed in the Annual Report on the Remuneration of Directors for financial year 2022, which is available to shareholders on the Bank’s website9. 2019 Deferred AVR payable in 2025 (third and last payment—20% of the 2019 DAVR) (1) Third and final payment of the 2019 Deferred AVR for executive directors (20%). (2) This amount was updated in 2023 by applying the CPI in the amount of €55 thousand for the Chair and €49 thousand for the Chief Executive Officer. (3) This amount was updated in 2024 by applying the CPI in the amount of €24 thousand for the Chair and €21 thousand for the Chief Executive Officer. (4) This amount will be updated by applying the CPI in the amount of €29 thousand for the Chair and €26 thousand for the Chief Executive Officer. With this third payment that is due in 2025, payment to the Chair and Chief Executive Officer of the 2019 Deferred AVR is concluded. 2019 Deferred AVR (long-term measurement period: 2020–2022) 2019 DAVR multi-year performance indicators Solvency Liquidity Profi tability CET1 Fully loaded LtSCD (Loans to stable customer deposits) LCR (Liquidity Coverage Ratio) (Net Margin – Loan-Loss Provisions) / Average Total Assets ROE (Return on Equity) TSR (Total Shareholder Return) Weighting 40% 10% 10% 10% 20% 10% Threshold for no reduction ? 9.89% ? 140% ? 105% ? 0.20% ? 2.0% 1st to 8th Result 12.32% 102% 159% 1.26% 10.7% 3rd % reduction DAVR 0% 0% 0%