Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 13

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 13
---
 deposits                                                                                                  |     |   13,442 |     | 41.4 |     |    9,503 |
| Other customer funds                                                                                            |     |  196,989 |     |  2.3 |     |  192,604 |
| Mutual funds and investment companies and customer portfolios ⁽¹⁾                                               |     |  160,843 |     |  2.9 |     |  156,265 |
| Pension funds                                                                                                   |     |   31,335 |     | -0.9 |     |   31,614 |
| Other off-balance sheet funds                                                                                   |     |    4,811 |     |  1.8 |     |    4,726 |
| Total customer funds                                                                                            |     |  652,696 |     |  1.9 |     |  640,250 |
| ⁽¹⁾ Includes the customer portfolios in Spain, Mexico, Peru (preliminary data) and Colombia (preliminary data). |     |          |     |      |     |          |

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.

| 16 |

#### Capital and shareholders

#### Capital base
The BBVA Group's CET1 ratio 9 stood at 13.09% as of March 31, 2025, which allows it to maintain a large management buffer over the Group's CET1 requirement as of that date (9.13% 10 ), and is also above the Group's target management range of 11.5% - 12.0% of CET1.

Regarding the evolution during the first quarter, the Group’s CET1 has increased by 21 basis points with respect to the December level (12.88%). The entry into force of the new regulation CRR3 had no significant impact to this ratio.

The strong earnings generation during the quarter (+68 basis points) net of shareholder remuneration and payment of capital instruments (CoCos), generated a positive contribution of +31 basis points to CET1 ratio, which offset the growth of risk-weighted assets (RWA) derived from the organic growth of activity in constant terms, net of risk transfer initiatives in the period (consumption of -30 basis points), in line with the Group's strategy of continuing to promote profitable growth.

Among the remaining impacts that increase the ratio by 20 basis points, the positive