Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 300

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 300
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 the implementation of the output floor. In particular, the new approach considers, among other things, a gradual application of the regulatory changes related to the calculation of RWAs for exposures in equity instruments and for A-35

Unconditionally Cancellable Commitments (UCCs). It also establishes a phased transition for the introduction of the output floor, allowing a phased implementation of the multiplier applicable to the Standardised Total Risk Exposure Amount (STREA) to determine the output floor and, additionally, establishing transitional arrangements for the calculation of the STREA applicable to exposures with businesses that have a Probability of Default (PD) of less than 0.5% and to securitisation positions. As at 30 June 2025, the fully-loaded CET1 ratio, without applying the transitional arrangements introduced by CRR III, stands at 13.56%. Furthermore, the fully-loaded total capital ratio stands at 19.29%. As indicated previously (see Note 1.7), the Bank’s Board of Directors has committed to distribute any excess capital above the 13% CET1 ratio 6to shareholders on a recurrent basis. After deducting this amount, the CET1 capital ratio stands at 13.06% in phase-interms and at 13.00% in fully-loaded terms, the Tier 1 ratio stands at 16.53% (phase-in)and 16.46% (fully-loaded), while the total capital ratio stands at 18.82% (phase-in) and 18.73% (fully-loaded). Leverage ratio The leverage ratio aims to reinforce capital requirements by providing a supplementary measure that is not linked to the level of risk. With the introduction of the CRR II regulation, a minimum leverage ratio of 3% is required as from June 2021; this percentage is comfortably exceeded by the Group as at 30 June 2025. The phase-inleverage ratio as at 30 June 2025 and 31 December 2024 is shown below:

| Thousand euro  |     |            |             |     |            |             |
|                |     | 30/06/2025 |             |     | 31/12/2024 |             |
| Tier 1 capital |     |            |  13,538,165 |     |            |  12,235,795 |
| Exposure       |     |            | 252,240,719 |     |            | 235,163,653 |
| Leverage