Company: BBVXF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001193125-25-108558
Chunk: 1

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-05-01
Form: 6-K
Chunk 1
---
 to determine whether to refer said resolution to the Council of Ministers. In the event of such referral,
the Council of Ministers will have a period of one month to render its decision in accordance with the aforementioned Law.

Attached is BBVA’s press release on
the matter.

Madrid, April 30, 2025

| Press Release |

04.30.2025 CNMC approves the union of BBVA and Banco Sabadell subject to remedies to ensure financial inclusion, territorial cohesion and lending to SMEs and the self-employed The Spanish National Markets and Competition Commission (CNMC) has authorized in phase two and after 11 months of analysis, the combination of BBVA and Banco Sabadell . With this transaction the combined entity would result in the second-largest Spanish financial institution in terms of credit volume, after CaixaBank. The authorization is subject to a series of unprecedented remedies in the Spanish financial sector .

| ● |     | Among the remedies, one that stands out is the commitment to not close branches where there is                                                                           
 no other branch within 300 meters; in postal codes with a per capita income below €10,000; where there are fewer than three competitors; or in municipalities with fewer 
 than 5,000 residents.                                                                                                                                                    |

| ● |     | The remedy to maintain the commercial terms and conditions for retail customers, the self-employed and SMEs in postal codes with fewer than four competitors also stands out. |

| ● |     | Furthermore, BBVA will create an account for vulnerable customers from both Banco Sabadell and 
 BBVA, with no fees and a free debit card, among other conditions.                              |

| ● |     | As for SMEs and the self-employed, in addition to not closing any of the Banco Sabadell                                                                                                                                                                 
 branches specializing in businesses, BBVA has also committed to maintain working capital credit lines for three years (extendable by two more years, should the CNMC decide to do so) for all SMEs banking with Banco Sabadell and the credit lines and 
 goods import-export facilities for all Sabadell self-employed customers. Moreover , BBVA commits to maintain the total credit volume for SMEs whose aggregated CIRBE1 credit exposure with BBVA and                                                     
 Banco Sabadell is at least 85%. In the Autonomous Communities where the share of the resulting entity’s SME lending segment will be higher (Catalonia and the Balearic Islands), this remedy will apply to SMEs whose aggregated CIRBE5 credit          
 exposure is