Onur Genç

CEO

Excellent net attributable profit

RECURRENT NET ATTRIBUTABLE PROFIT1

(CURRENT €BILLION)

6,621€M

4.8

5.1

6,420

€M

4.6

4.6

INCLUDING

NON-RECURRENT

3.8

3.9

IMPACTS

3.2

3.1

2.6

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

PROFIT

ATTRIBUTABLE

+31%

vs. 2021

2

PER SHARE

+48%

vs. 2021

  1. Recurrent Net Attributable Profit and recurrent EPS figures exclude the extraordinary impacts as reported in each year's result presentation. For 2022, EPS is calculated considering the total outstanding number of shares as of 31/12/22 excluding the average treasury shares. For 2021, EPS is calculated considering the average number of shares, excluding average treasury shares (included 112 million shares acquired in the share buyback program).

3

Leading the European industry in growth,

profitability and efficiency

GROWTH1

(ANNUAL GROWTH OF GROSS LOANS)

EUROPEAN

+13.3%

PEERS3

+1.0%

RANKING

PROFITABILITY2

(RETURN OVER TANGIBLE EQUITY)

EUROPEAN

15.3%

PEERS3

7.4%

RANKING

EFFICIENCY

(EXPENSES / GROSS INCOME)

43.2%

RANKING

EUROPEAN

PEERS3

63.2%

  1. Growth rate for BBVA including Performing Loans under management excluding repos and variation in constant Euros. Including gross loans and current Euros the ratio would be 11.9%.
  2. BBVA ROTE excludes non recurring impacts, otherwise the ratio would be 14.8%.
  3. European Peer Group: BNPP, CASA, CMZ, HSBC, ISP, LBG, SAN, SG, UBS, UCG, CS, DB, NWG, BARC. Peers data are based on reported figures as of 12M22.

4

While maintaining a prudent risk management

NPL RATIO

(%)

NPL COVERAGE RATIO

(%)

COST OF RISK

(YTD, %)

2019

2020

2021

2022

NOTE: For comparison purposes, data from 2019, 2020 and 2021 excludes the US business sold to PNC.

5

Outstanding performance in all business areas

ATTRIBUTABLE PROFIT

NET PROFIT (€M)

VAR.% vs. 20211

SPAIN

1,678

+8%

MEXICO

4,182

+45%

TURKEY

509

n.a.2

SOUTH AMERICA

734

+80%

CUSTOMERS

NEW CUSTOMERS (Thousands)

+786

+4,911

+3,060

+2,407

(1) Variation in constant Euros. (2) Does not apply due to hyperinflationary accounting and changes in shareholding.

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Disclaimer

BBVA - Banco Bilbao Vizcaya Argentaria SA published this content on 17 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2023 13:12:13 UTC.