Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 77

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 77
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 issuance for an amount of USD 1.0 billion of contingent convertible preferred securities (CoCos), as well as the early redemption of another issuance for the same amount. The depreciation of the U.S. dollar had a negative impact on the AT1 contribution of such CoCos.

The Tier 2 ratio stood at 2.97% as of June 30, 2025, which represents an increase of 47 basis points compared to December 31, 2024, mainly due to the issuance of subordinated debt by Banco Bilbao Vizcaya Argentaria, S.A. in Spain, amounting to €1.0 billion, during the six months ended June 30, 2025. In addition, in Mexico, USD 1.0 billion of subordinated debt was issued during such period.

As a result of the above, the total fully-loaded capital ratio stood at 17.72% as of June 30, 2025.

2 Considering the last official updates of the countercyclical capital buffer and systemic risk buffer, calculated on the basis of exposure as of March 31, 2025.

3 As of June 30, 2025 and December 31, 2024, there were no differences between fully loaded and phased-in ratios given that the impact associated with the transitional adjustments is nil.

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The consolidated ratios as of June 30, 2025 and December 31, 2024 were as follows:

| CAPITAL BASE (MILLIONS OF EUROS) (1) |     |                   |     |         |                   |     |         |
|                                      |     | June 30, 2025 (2) |     |         | December 31, 2024 |     |         |
| Common Equity Tier 1 (CET1)          |     |                   |     |  51,634 |                   |     |  50,799 |
| Tier 1                               |     |                   |     |  57,123 |                   |     |  56,822 |
| Tier 2                               |     |                   |     |  11,480 |                   |     |   9,858 |
| Total capital (Tier 1 + Tier 2)      |     |                   |     |  68,603 |                   |     |  66,680 |
| Risk-weighted assets                 |     |                   |     | 387,