Banco Bilbao Vizcaya Argentaria (BBVA) Q4 25 Fixed income presentation earnings summary

Global presence and financial performance

• Operates in over 25 countries with 5,642 branches, 127,174 employees, and 81.2 million active customers as of December 2025.

• Net attributable profit for 2025 reached €10,511 million, with a CET1 fully-loaded ratio of 12.70%.

• Sustainable business channeling in 2025 was €134 billion, up 44% from 2024, with a 2025-2029 target of €700 billion.

• Total assets stood at €859.6 billion, with gross loans of €472.7 billion and customer deposits of €502.5 billion.

Diversified business model and market position

• Maintains leading market positions: #1 in Mexico, #2 in Turkey, Peru, and Argentina, #3 in Spain, and #4 in Colombia.

• Mexico accounts for 20% of total assets and 40% of gross income; Spain represents 51% of assets and 27% of income.

• Operates with self-sufficient subsidiaries for liquidity and funding.

Financial performance and profitability

• Net interest income grew by 13.9% and net fees by 14.6% versus 2024; efficiency ratio improved to 38.8%.

• Operating income rose 20.4% to €22.6 billion; net attributable profit increased 19.2% to €10.5 billion.

• Cost of risk was 1.39%, NPL ratio improved to 2.7%, and CET1 ratio stood at 12.70%.