Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 115

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 115
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SabadellGallego.

The Group is organized in the following business segments: Banking Business in Spain, Banking Business in the United
Kingdom and Banking Business in Mexico. Banking Business in Spain, in turn, includes Retail Banking, Business Banking and the Corporate and Investment Banking business units.

The information in this subsection has been extracted from pages 234 and 235 of Banco Sabadell’s consolidated directors’ report as of and for the year ended December 31, 2024.

Banking Business in Spain

Retail Banking

This business unit
offers financial products and services to individuals for personal use. These include investment products and medium- and long-term finance, such as consumer loans, mortgages, leasing and rental

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services, as well as other short-term finance. Funds come mainly from customers’ term and demand deposits, savings insurance, mutual funds and pension plans. The main services also include
payment methods such as cards and various kinds of insurance products.

Business Banking

This business unit offers financial products and services to companies and self-employed persons. These include investment and financing
products, such as working capital products, revolving loans and medium- and long-term finance. It also offers custom structured finance and capital market solutions, as well as specialized advice for businesses. Funds mainly come from
customers’ term and demand deposits and mutual funds. The main services also include collection/payment solutions such as cards and points of sale terminals, as well as import and export services. This business unit further includes Private
Banking, which offers personalized expert advice, backed by specialized and high-value product capabilities for customers.

Corporate and Investment Banking

Through its presence in Spain and in a further 11 countries, it offers financial and advisory solutions to large Spanish
and international corporations and financial institutions.

Banking Business in the United Kingdom

The TSB franchise covers business conducted in the United Kingdom, which includes current and savings accounts, loans, credit cards and
mortgages.

Banking Business in Mexico

This business unit offers banking and financial services for Corporate Banking, Commercial Banking and Retail Banking.

III. Operating and Financial Review

Key Factors Affecting Results of Operations

The information in this subsection has been extracted from pages 280 and 281 of Banco Sabadell’s consolidated directors’ report as of and for the year ended December 31, 2024.

Monetary Policy - 2024

During 2024, the central banks of developed countries embarked upon a series of interest cuts in a context of more moderate inflation.

In the Euro