Carlos Torres Vila
C H A I R
2025 has been an excellent year for BBVA: growth, value creation and positive impact
p. 2
p. 2
We continue to break the record for new customers
11.5
New Customers
+millions
Note: Gross customer acquisition in the retail segment through own channels.
p. 3
And we continue to grow our activity at a strong pace
16.2
LOAN GROWTH
+ %
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
p. 4
We have a positive impact in society
through our activity
16.2
LOAN GROWTH
+ %
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
Families
160,000
bought their home
p. 5
We have a positive impact in society
through our activity
LOAN GROWTH
+16.2%
SMEs and self-employed
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
, ,
1 000 000
grew their business
p. 6
We have a positive impact in society
through our activity
16.2
LOAN GROWTH
+ %
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
Larger enterprises
73,000
invested in growth
p. 7
We have a positive impact in society
through our activity
16.2
LOAN GROWTH
+ %
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
Sustainable business
134.000
€M
channeled in 12M25
p. 8
We have a positive impact in society
through our activity
16.2
LOAN GROWTH
+ %
(YOY, CONSTANT €)
+11.7%
(YOY, CURRENT €)
Social Initiatives
30,200
€M
channeled in 12M25
p. 9
The best
team
p. 10
p.10
We obtain the best results in our history
NET ATTRIBUTABLE PROFIT 2025
10,511 €MROTE
+19.3%
+4.5% vs. 2024
p. 11
We stand out for our ability to combine growth and profitability
GROWTH
(2025 vs. 2024 CURRENT€)
15%
14
Peer
13%
11%
9%
Peer
12
Peer
3
7% Peer
1
Peer
5
Peer
7
Peer
4
5%
Peer
9
3%
1%
-1%
Peer
6
Peer
Peer 2
8
Peer
10
13
Peer
11 Peer
-3% 8% 11% 14% 17%
20%
PROFITABILITY
(2025)
European Peers: BARC, BNPP, CABK, CASA, DB, HSBC, ING, ISP, LBG, NDA, SAN, SG, UCG, UBS. Bubble size represents market capitalization.
p. 12
PAY-OUT 2025
c.
of Net Attributable Profit
50
%
CASH DIVIDEND
92
€ cts.
per share
/
>5,200 €M
We accelerate the remuneration to our shareholders
Extraordinary share buy-back program
C.4,000 €M
Note: Cash Dividend in gross amount.
p. 13
CASH DIVIDEND
(€ CTS. /PER SHARE)
+31%
92
70
55
43
60
apr.26
31
32
nov.25
2021
2022
2023
2024
2025
We distribute the largest dividend
in our history
Note: Cash dividend in gross amount. The dividend for April 26 is pending approval by the Corporate Bodies.
p. 14
The market rewards our strategy and results
TOTAL SHAREHOLDER RETURN
(# OF TIMES THE VALUE HAS MULTIPLIED SINCE JANUARY 1st 2019 TO MARCH 19th 2026)
JANUARY
2019
EUROPEAN BANKS
SPANISH BANKS
MARCH
2026
x 5.7
x 3.6
x 3.5
Note: Includes the evolution of the share price plus dividends. Note: European banks: Stoxx Europe 600 Banks. Spanish banks: BKT, CABK, SAB, SAN, UNI, weighted by market capitalization.
p. 15
We positively contribute to all our stakeholders
WHAT DO WE USE BBVA REVENUES FOR?
Employees
15.6 €BN
33%
34
PROFIT TAX: DIRECT CONTRIBUTION TO
SOCIETY
DISTRIBUTIONS TO
36.9
GROSS INCOME 2025
€BN
Providers
58%
42%
Profit before taxes
(excl. minority interest)
%
SHAREHOLDERS
Credit Provisions
and others
33%
FUTURE GROWTH (CREDIT TO CLIENTS)
p. 16
Our fioundations do a great work promoting inclusion, culture and knowledge
p. 17
Looking ahead, we live in a changing and uncertain environment
ECONOMIC GROWTH 2026
(GDP GROWTH, BBVA RESEARCH FORECAST)
SPAIN
+2.4%
0.4pp vs 2025
MEXICO
+1.8%
1.0pp vs 2025
TURKEY
+4.0%
0.4pp vs 2025
SOUTH AMERICA
+3.0%
0.2pp vs 2025
p. 22
p. 18
Our strategic priorities
will reinforce our leadership position
Radical Client Perspective
Artificial Intelligence
Enterprises
Team
Sustainability
Value Creation
p. 23
p. 19
p. 24
p. 20
CAPABILITIES OF MODELS
OpenAI models
Google models
2022
2023
2024
2025
p. 20
Artificial Intelligence has become the great transformative force of our time
TIME TO REACH 100 MILLION USERS
years
11 Spotify
years
8 AirBnB
3,5 WhatsApp
years
ChatGPT
months
2
2008
2022