Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 10

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 10
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2025 and December 31, 2024, respectively, and net attributable                          
 profit/(loss) of €5,447 million and €10,054 million for the six months ended June 30, 2025 and for the year ended December 31, 2024, respectively.                                                                                                    |

Additional information about the BBVA Group is included in the 2024 Form 20-Fand the BBVA First Half 2025 Results Form 6-K (each as defined herein), which are incorporated by reference in this offer to exchange/prospectus.

| Q. | What is BBVA proposing to do? |

| A. | BBVA is undertaking an exchange offer to acquire all of the issued and outstanding Banco Sabadell shares.                                                                                                                                          
 Pursuant to the exchange offer, BBVA is offering one newly-issued BBVA share and €0.70 in cash for each 5.5483 Banco Sabadell shares (adjusted, as the case may be, as described in this offer to exchange/prospectus) tendered and not withdrawn. |

| Q. | Why is BBVA making this exchange offer? |

| A. | As explained in “BBVA’s Reasons for the Proposed Exchange Offer”, BBVA is undertaking the                                                                                                                                                      
 exchange offer in order to acquire control of Banco Sabadell, which would result in Banco Sabadell becoming part of the BBVA Group. As soon as possible thereafter, and subject to compliance with the Council of Ministers’ Authorization (as 
 defined in “The Exchange Offer—Antitrust Authorizations—Spanish Antitrust Authorization”), BBVA intends to promote a merger of the two entities. Pursuant to the Council of Ministers’ Authorization, BBVA will be able to                     
 undertake a merger with Banco Sabadell only following the No-merger Period (as defined under “—Q. What are the terms of the Council of Ministers’ Authorization?” below), although a merger may be possible sooner if the                      
 Autonomy Condition (as defined in “The Exchange Offer—Antitrust Authorizations—Spanish Antitrust Authorization”) is declared void as a result of the Administrative Appeal (as defined under “—Q. What are the terms                           
 of the Council of Ministers’ Authorization?” below). For additional information on the Council of Ministers’ Authorization, see “The Exchange Offer—Antitrust Authorizations—Spanish Antitrust Authorization”.                                 |

BBVA believes that the acquisition of control of Banco Sabadell and Banco Sabadell becoming part of the BBVA Group following completion