Onur Genç
C H I E F E X E C U T I V E O F F I C E R
ATTRIBUTABLE
+4.5%
2025 vs. 2024
Net Attributable profit sets a new record
RECURRING NET ATTRIBUTABLE PROFIT
(€ BILLION, CURRENT)
10.5€Bn
10.1
8.0
6.6
4.8
5.1
3.1
2019
2020
2021
2022
2023
2024
2025
PER SHARE
+5.8%
2025 vs. 2024
Note: Recurring attributable profit excludes extraordinary impacts and is shown as reported in the earnings presentation for each year.
p. 2
BBVA is leader in growth
LOAN GROWTH
(2025 VS. 2021, BASE 100, %, CURRENT €)
+43% 1
PEERS
EUROPEAN PEERS AVERAGE
5%
2021 2022 2023 2024 2025
European Peers: BARC, BNPP, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG, CABK, CASA. It excludes UBS due to inorganic transactions in the period.
p. 3
We lead the european industry in efficiency
EFFICIENCY
(COST OVER REVENUE, 2025, %)
Peer
1
Peer
2
Peer Peer
3 4 Peer
5
Peer
6 Peer
7
Peer
8
Peer
9
Peer
10 Peer
11
Peer Peer
12 13
Peer
14
EUROPEAN PEERS AVERAGE
52%
39% 1
European Peers: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG, UBS.
p. 4
Differential profitability versus our competitors
PROFITABILITY
(ROTE 2025, %)
19.3% 1
Peer
1
Peer
2
Peer
3
Peer
4
Peer
5
Peer
6
Peer
7
Peer
8
Peer
9
Peer
10
Peer
11
Peer
12
Peer
13
Peer
14
EUROPEAN PEERS AVERAGE
13.3%
European Peers: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG, UBS.
p. 5
We grow while maintaining prudent management and strengthening our risk metrics
NPL RATIO
(%)
4.2
4.2
4.1
3.4
3.4
3.0
2.7
COVERAGE
(%)
85
75
82
75
81
77
80
2019
Note: For comparative purposes, figures exclude BBVA USA business sold to PNC.
2020
2021 2022
2023
2024
2025
p. 6
We exceed one hundred billion in market capitalization
BBVA MARKET CAPITALIZATION
(SINCE JANUARY 1st 2019 TO MARCH 19th 2026)
2
Bank
of the Eurozone
125 €BN
100 €BN
75 €BN
50 €BN
25 €BN
2019
2020
2021 2022 2023 2024 2025
2026
p. 7
We maintain a solid capital position
EXCESS CAPITAL OVER REQUIREMENT
(CET1, BPS)
372
313
EUROPEAN PEERS AVERAGE
CAPITAL RATIO
12.70CET1 FL
%
Clearly above requirement
8.98
REQUIREMENT1
%
Capital requirement after January 1st 2026
p. 8
Business areasExcellent perfiormance of the business areas
NET ATTRIBUTABLE PROFIT
NET ATTRIBUTABLE PROFIT (€M)
VAR.% vs. 2024
(CURRENT €)
SPAIN 4,175 +11%
MEXICO
5,264
-3%
TURKEY 805 +32%
SOUTH AMERICA
726
+14%
Note: Corporate Center figures excluded
REST OF BUSINESS 627 +23%
p. 10
Franchises increasingly leading across geographies
LOAN MARKET SHARE
Spain
Mexico
25.5%
Turkey
19.3%
Colombia
20.4
Peru
22.5%
Argentina
13.6%
14.2%
23.1%
17.3%
10.3%
%
11.1%
7.7%
12.2%
2019
2025
2019
2025
2019
2025
2019
2025
2019
2025
2019
2025
Var. 25/24
+20bps
Var. 25/24
+22bps
Var. 25/24
+36bps
Var. 25/24
-23bps
Var. 25/24
+46bps
Var. 25/24
+71bps
Note: Market share graphs illustrate from Dec-19 to Dec-25. Market share variations 25/24 compare Dec-24 vs Dec-25. Market shares in Turkey among private banks. Peru's market share as of Dec'25 and variation 25/24 exclude new entrants in 2025..
p. 11
Attract more
clients is the best growth
ACTIVE CLIENTS PER COUNTRY
Spain Mexico Turkey
strategy
+24%
+59%
+82%
2019
2025
2019
2025
2019
2025
Colombia Peru Argentina
+5%
+67%
+44%
2019
2025
2019
2025
2019
2025
p. 12
Strategy executionOur strategic priorities
will reinforce our leadership position
Radical Client Perspective
Artificial Intelligence
Enterprises
Team
Sustainability
Value Creation
p. 14
Leading in customer satisfiaction
NET PROMOTER SCORE
BBVA GROUP
+9PP vs. 2019
1
Spain
Mexico
Peru
2
Turkey
Colombia
Uruguay
3
Argentina
11
NEGATIVE EXPERIENCES
(IMPROVEMENT 2025 VS 2024)
% p. 15Sustainability is a major growth opportunity
SUSTAINABLE BUSINESS CHANNELED PER SEGMENT
(VARIATION 2025 VS 2024)
RETAIL ENTERPRISES CORPORATE & INVESTMENT BANKING
+92% +49% +34%
p. 16
Outstanding growth in key areas
REVENUES PER BUSINESS AREA
(GROSS INCOME, VAR. 2025 VS 2024, CONSTANT €)
16
BBVA Group
+ %
Cross-border business
+20%
Payments
+24%
Insurance1
+16%
Asset Management
+48%
(1) Insurance PBT + Fees
p. 17
Artificial Intelligence; we have a clear roadmap
Improving client experience
Process efficiency
Employee productivity
p. 18
Solid evolution ofi the financial goals to 2028
ROTE
(%, CURRENT €)
c.22%
GOAL
Average 2025-2028
12M25
19.3%
TANGIBLE BOOK VALUE + DIVIDENDS
(% GROWTH , CURRENT € / SHARE)
GOAL
c.15%
CAGR12024-2028
15.2%
12M25
excluding SBB
EFFICIENCY RATIO
(%, CURRENT €)
39%
12M25
GOAL
c.35%
2024
2025
2026
2027
2028
NET ATTRIBUTABLE PROFIT
(CURRENT €BN)
c.48 €BN
Cumulative 2025-2028
GOAL
12M25
10.5 €BN
(1) Compounded annual growth rate.
p. 19
The best and most committed team
Customer comes first
We think big We are one
team
ENGAGEMENT SURVEY
KANTAR
90
0
High level of commitment of
100
employees, above benchmark for financial sector
+15 points
p. 20