Company: BBVXF
Filing Date: 2025-01-08
Form Type: 424B5
Source: 0001193125-25-003393
Chunk: 193

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-08
Form: 424B5
Chunk 193
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 and Financial Review and Prospects” and “ Item 11. Quantitative and Qualitative Disclosures About Market Risk” in our 2021 Form 20-Fand in “ Risk Factors” in this prospectus. Other factors could also adversely affect our results or the accuracy of forward-looking statements in this prospectus, and you should not consider the factors discussed here or in the sections in our 2021 Form 20-Fand the prospectus listed above to be a complete set of all potential risks or uncertainties. Other important factors that could cause actual results to differ materially from those in forward-looking statements include, among others:

| · |     | the deterioration of economic conditions or the alteration of the institutional environment of the countries in which we operate, especially Spain, Mexico and                                                         
 Turkey, including any adverse developments, or the perception that such developments may occur, regarding credit quality, public debt sustainability and sovereign ratings, particularly Spain’s, among other factors; |

| · |     | the intensity of geopolitical and economic risks in recent years as a result of, among other factors, US-China trade                                                                                                                              
 tensions, Brexit, the rise of populism and, more recently, Russia’s invasion of Ukraine, which has led to significant disruption, instability and volatility in global markets, as well as higher inflation (including by contributing to further 
 increases in the prices of energy, oil and other commodities and further disrupting supply chains) and lower or negative growth;                                                                                                                  |

| · |     | the impact of the coronavirus (COVID-19) pandemic, new waves of contagion, the emergence of new strains, and the 
 measures adopted by governments and the private sector in connection therewith on our business and the economy;  |

| · |     | changes or volatility in interest rates, foreign exchange rates, asset prices, equity markets, commodity prices, inflation or deflation and, in particular, as                                                
 of the date of this prospectus, the depreciation of the currencies of the non-euro geographies in which we operate, increased inflation, stagflation due to more intense or prolonged supply crises, interest 
 rate cuts in Turkey (which may affect our margins) and interest rate increases in other geographies (which may impact default rates);                                                                         |

| · |     | our ability to comply with various legal and regulatory regimes and the impact of changes in applicable laws and regulations, including increased capital, 
 resolution, liquidity and provision requirements and taxation;                                                                                             |

| · |     | the monetary, interest rate and other policies of central