Company: BBVXF
Filing Date: 2025-07-31
Form Type: F-3ASR
Source: 0001193125-25-170429
Chunk: 9

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: F-3ASR
Chunk 9
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 of neobanks (a new generation of                                                                                                                                               
 financial institutions that operate exclusively online), which may be affected by regulation or deregulation affecting us or our competitors, and our ability to manage information technology obsolescence, implement technological advances on a timely 
 basis or at all and effectively capture the benefits of emerging technologies, including cloud computing, artificial intelligence, big data analysis, crypto currencies, and alternative payment systems;                                                 |

| • |     | our ability to comply with various legal and regulatory regimes and the impact of applicable laws and regulations                           
 on our operations, including capital, resolution, liquidity, provision and consumer protection requirements, and the increasing tax burden; |

| • |     | changes in consumer spending and savings habits, including changes in government policies which may influence 
 spending, saving and investment decisions;                                                                    |

| • |     | our ability to continue to access sources of liquidity and funding, including public sources of liquidity such as                                         
 the funding provided by the European Central Bank (“ECB”) under its programs, and our ability to receive dividends and other funds from our subsidiaries; |

6

| • |     | the effectiveness of our debt recovery policy, including our ability to recover aged non-performing loans; |

| • |     | our ability to hedge certain risks economically, including exchange rate risk; |

| • |     | our ability to address physical, regulatory, reputational, transition and business risks associated with climate                                   
 change and emerging and developing ESG standards, including our ability to meet any ESG expectations, targets or obligations and the cost thereof; |

| • |     | our ability to make payments on certain substantial unfunded amounts relating to commitments with personnel; |

| • |     | the performance of our international operations and our ability to manage such operations; |

| • |     | weaknesses or failures in the Group’s internal or outsourced processes, systems (including information 
 technology systems) and security;                                                                      |

| • |     | weaknesses or failures of our anti-money laundering or anti-terrorism programs, or of our internal policies,                                    
 procedures, systems and other mitigating measures designed to ensure compliance with applicable anti-corruption laws and sanctions regulations; |

| • |     | security breaches, including cyber-attacks and identity theft; |

| • |     | the outcome of legal and regulatory actions and proceedings, both those to which the Group is currently exposed                                                                                                                                
 and any others which may arise in the future, including actions and proceedings related to former subsidiaries of the Group or in respect of which the