Banco Bilbao SEC Filings

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has announced an irrevocable decision to redeem in full its $1,000,000,000 5.862% Senior Non-Preferred Fixed-to-Fixed Rate Notes due 2026 on 14 September 2025, which is the Notes' Reset Date. The aggregate redemption price is $1,029,130,000, equal to 100% of principal plus accrued but unpaid interest to, but excluding, the Redemption Date. Because 14 September 2025 is not a Business Day, the Redemption Price will be paid on the next Business Day, 15 September 2025, and no interest will accrue after the Redemption Date. Payment will be made upon surrender to The Bank of New York Mellon, London Branch, and DTC-held Notes must follow DTC procedures. BBVA obtained prior consent from the Single Resolution Board.

Capital Research Global Investors reported beneficial ownership of 181,099,527 shares of Banco Bilbao Vizcaya Argentaria (BBVA), representing 3.1% of the 5,763,285,465 shares the filer believes to be outstanding. The filing shows sole voting power over 180,746,617 shares and sole dispositive power over 181,099,527 shares. The reported holdings include 353,005 Depository Receipts that represent common stock. The filing identifies CRGI as a division of Capital Research and Management Company and related investment management affiliates, and it certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control.

BBVA filed a Form 6-K disclosing results of the 2025 EU-wide EBA stress test covering 2025-2027. The exercise, used for the 2025 Supervisory Review and Evaluation Process, applies a static 31-Dec-24 balance sheet and has no pass/fail threshold.

Baseline scenario: the bank’s fully-loaded CET1 ratio would rise 3.55 pp to 16.43 % by 31-Dec-27.

Adverse scenario: CET1 would fall 2.18 pp to a trough of 10.70 % in 2025, then recover to 11.02 % by 2027, remaining in double-digit territory throughout. No management actions or post-2024 business changes are reflected.

Results indicate BBVA can absorb a severe macro-financial shock while maintaining capital well above typical regulatory minima, supporting dividend capacity and funding flexibility. Investors should watch the forthcoming SREP decision and any updates to capital distribution policy.