BBVA : Presentation AGM 2026 - CEO

About this update from Banco Bilbao Vizcaya Argentaria, S.a.

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 12.70 CET1 FL % Clearly above requirement 8.98 REQUIREMENT 1 % Capital requirement after January 1st 2026 p. 8 Business areas Excellent 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 +20 bps Var. 25/24 +22 bps Var. 25/24 +36 bps Var. 25/24 -23 bps Var. 25/24 +46 bps Var. 25/24 +71 bps 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 execution Our 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 + 9 PP vs. 2019 1 Spain Mexico Peru 2 Turkey Colombia Uruguay 3 Argentina 11 NEGATIVE EXPERIENCES (IMPROVEMENT 2025 VS 2024) % p. 15 Sustainability 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 % Insurance 1 + 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 % CAGR 1 2024-2028 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

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