3Q20 Results th October 30 , 20203Q20 Results th October 30 , 2020

3Q20 Results 2 th October 30 2020 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications. This document contains or may contain forward looking statements (in the usual meaning and within the meaning of the US Private Securities Litigation Reform Act of 1995) regarding intentions, expectations or projections of BBVA or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. BBVA does not undertake to publicly revise the contents of this or any other document, either if the events are not as describedherein, or if such events leadto changes in the information contained in this document. This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.3Q20 Results 2 th October 30 2020 Disclaimer This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications. This document contains or may contain forward looking statements (in the usual meaning and within the meaning of the US Private Securities Litigation Reform Act of 1995) regarding intentions, expectations or projections of BBVA or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. BBVA does not undertake to publicly revise the contents of this or any other document, either if the events are not as describedherein, or if such events leadto changes in the information contained in this document. This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.

3Q20 Results 3 th October 30 2020 Solid profit evolution, strong capital position and stable tangible book value per share in this challenging environment CET1 FULLY LOADED TBV/SHARE NET ATTRIBUTABLE PROFIT (%) (€/Share) (€M CURRENT) +4.1% vs 3Q19 in constant € 11.52% 1,225 +30bps 1,141 5.87 5.84 -0.5% 11.22% 636 292 1 3Q19 1Q20 2Q20 3Q20 Jun-20 Sep-20 Jun-20 Sep-20 (1) Excluding BBVA USA goodwill impairment (2,084 €M).3Q20 Results 3 th October 30 2020 Solid profit evolution, strong capital position and stable tangible book value per share in this challenging environment CET1 FULLY LOADED TBV/SHARE NET ATTRIBUTABLE PROFIT (%) (€/Share) (€M CURRENT) +4.1% vs 3Q19 in constant € 11.52% 1,225 +30bps 1,141 5.87 5.84 -0.5% 11.22% 636 292 1 3Q19 1Q20 2Q20 3Q20 Jun-20 Sep-20 Jun-20 Sep-20 (1) Excluding BBVA USA goodwill impairment (2,084 €M).

3Q20 Results 4 th October 30 2020 Top messages of the quarter 1 Continue to prove resiliency OPERATING INCOME (€ constant) in Pre-Provision Profit +13.5% vs.3Q19 2 OPERATING EXPENSES (€ constant) Very strong cost control and efficiency -3.8% vs.3Q19 3 COST OF RISK (YtD) Risk indicators improving and within expectations 1.69% vs. 2.04% in 2Q20 4 CET1 FL Strong capital 11.52% +30 bps vs. Jun20 generation 5 MOBILE CUSTOMERS Ahead of the curve in +4 million vs. Dec19 digital transformation3Q20 Results 4 th October 30 2020 Top messages of the quarter 1 Continue to prove resiliency OPERATING INCOME (€ constant) in Pre-Provision Profit +13.5% vs.3Q19 2 OPERATING EXPENSES (€ constant) Very strong cost control and efficiency -3.8% vs.3Q19 3 COST OF RISK (YtD) Risk indicators improving and within expectations 1.69% vs. 2.04% in 2Q20 4 CET1 FL Strong capital 11.52% +30 bps vs. Jun20 generation 5 MOBILE CUSTOMERS Ahead of the curve in +4 million vs. Dec19 digital transformation

3Q20 Results 5 th October 30 2020 3Q20 Profit & Loss Change 3Q20/3Q19 % % constant BBVA Group (€m) 3Q20 Net Interest Income 4,109 -8.1 5.5 Net Fees and Commissions 1,143 -10.2 -0.8 Net Trading Income 372 6.0 13.3 Other Income & Expenses 38 69.8 n.s. Gross Income 5,663 -7.5 5.0 Operating Expenses -2,570 -12.8 -3.8 Operating Income 3,093 -2.6 13.5 Impairment on Financial Assets -928 -20.8 -0.1 Provisions and Other Gains and Losses -187 60.7 73.1 Income Before Tax 1,978 4.9 17.6 Income Tax -524 7.5 21.2 Non-controlling Interest -312 80.2 n.s. Net Attributable Profit 1,141 -6.8 4.13Q20 Results 5 th October 30 2020 3Q20 Profit & Loss Change 3Q20/3Q19 % % constant BBVA Group (€m) 3Q20 Net Interest Income 4,109 -8.1 5.5 Net Fees and Commissions 1,143 -10.2 -0.8 Net Trading Income 372 6.0 13.3 Other Income & Expenses 38 69.8 n.s. Gross Income 5,663 -7.5 5.0 Operating Expenses -2,570 -12.8 -3.8 Operating Income 3,093 -2.6 13.5 Impairment on Financial Assets -928 -20.8 -0.1 Provisions and Other Gains and Losses -187 60.7 73.1 Income Before Tax 1,978 4.9 17.6 Income Tax -524 7.5 21.2 Non-controlling Interest -312 80.2 n.s. Net Attributable Profit 1,141 -6.8 4.1

3Q20 Results 6 th October 30 2020 9M20 Profit & Loss Change 9M20/9M19 % % constant BBVA Group (€m) 9M20 Net Interest Income 12,763 -4.9 4.7 Net Fees and Commissions 3,444 -8.0 -1.3 Net Trading Income 1,479 65.5 83.7 Other Income & Expenses 22 76.6 n.s. Gross Income 17,708 -2.0 7.4 Operating Expenses -8,082 -8.4 -2.4 Operating Income 9,626 4.1 17.3 Impairment on Financial Assets -5,074 74.8 97.7 Provisions and Other Gains and Losses -858 113.4 122.6 Income Before Tax 3,693 -37.8 -29.7 Income Tax -979 -39.7 -32.0 Non-controlling Interest -646 -0.3 18.0 Net Attributable Profit (ex-BBVA USA Goodwill) 2,069 -43.6 -36.6 BBVA USA Goodwill impairment -2,084 n.s. n.s. Net Attributable Profit (reported) -15 -100.4 -100.53Q20 Results 6 th October 30 2020 9M20 Profit & Loss Change 9M20/9M19 % % constant BBVA Group (€m) 9M20 Net Interest Income 12,763 -4.9 4.7 Net Fees and Commissions 3,444 -8.0 -1.3 Net Trading Income 1,479 65.5 83.7 Other Income & Expenses 22 76.6 n.s. Gross Income 17,708 -2.0 7.4 Operating Expenses -8,082 -8.4 -2.4 Operating Income 9,626 4.1 17.3 Impairment on Financial Assets -5,074 74.8 97.7 Provisions and Other Gains and Losses -858 113.4 122.6 Income Before Tax 3,693 -37.8 -29.7 Income Tax -979 -39.7 -32.0 Non-controlling Interest -646 -0.3 18.0 Net Attributable Profit (ex-BBVA USA Goodwill) 2,069 -43.6 -36.6 BBVA USA Goodwill impairment -2,084 n.s. n.s. Net Attributable Profit (reported) -15 -100.4 -100.5

3Q20 Results 7 th October 30 2020 Robust gross income growth NET FEES AND COMMISSIONS NET INTEREST INCOME (€M CONSTANT) (€M CONSTANT) - 0.8% + 5.5% +1 +4. 22 .9 % % +4.9% 1, 1,2 20 01 1 1, 1,2 211 11 1, 1,19 192 2 1, 1,19 197 7 Solid growth in a 1 1,0 ,05 56 6 Significant 4,315 4,372 4,225 4,166 challenging increase in the 4,144 environment quarter mainly thanks to due to retail successful price activity management recovery 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 GROSS INCOME NET TRADING INCOME (€M CONSTANT) (€M CONSTANT) + 5.0% + 13.3% +6.2% -22.1% Positive NTI Growth 6,060 6,000 5,884 5,714 5,648 569 performance supported 512 459 398 versus 3Q19 mainly mainly by NII 352 due to FX gains evolution 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q203Q20 Results 7 th October 30 2020 Robust gross income growth NET FEES AND COMMISSIONS NET INTEREST INCOME (€M CONSTANT) (€M CONSTANT) - 0.8% + 5.5% +1 +4. 22 .9 % % +4.9% 1, 1,2 20 01 1 1, 1,2 211 11 1, 1,19 192 2 1, 1,19 197 7 Solid growth in a 1 1,0 ,05 56 6 Significant 4,315 4,372 4,225 4,166 challenging increase in the 4,144 environment quarter mainly thanks to due to retail successful price activity management recovery 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 GROSS INCOME NET TRADING INCOME (€M CONSTANT) (€M CONSTANT) + 5.0% + 13.3% +6.2% -22.1% Positive NTI Growth 6,060 6,000 5,884 5,714 5,648 569 performance supported 512 459 398 versus 3Q19 mainly mainly by NII 352 due to FX gains evolution 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20

3Q20 Results 8 th October 30 2020 Activity recovery in the quarter 1 BBVA TOTAL CARD+POS CONSUMPTION (% YOY, 7D CUMULATIVE) MEXICO SPAIN USA 20% 20.00% 20.00% 0.00% 0% 0.00% -20.00% -20% -20.00% -40.00% -40% -40.00% -60.00% TURKEY PERU COLOMBIA 75.00% 50.00% 25.00% 50.00% 25.00% 0.00% 25.00% 0.00% -25.00% 0.00% -25.00% -50.00% -25.00% -50.00% -50.00% -75.00% -75.00% (1) Debit and credit cards spending at physical and virtual BBVA Points of Sale (POS) by BBVA and non-BBVA customers plus spending by BBVA customers at physical and virtual non-BBVA POS. 7 Jan. 2020 7 Jan. 2020 31 Jan. 31 Jan. 24 Feb. 24 Feb. 27 Mar. 27 Mar. 28 Apr. 28 Apr. 30 May. 30 May. 23 Jun. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 2020 7 Jan. 2020 7 Jan. 2020 31 Jan. 31 Jan. 24 Feb. 24 Feb. 27 Mar. 27 Mar. 28 Apr. 28 Apr. 30 May. 30 May. 23 Jun. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 2020 7 Jan. 2020 2 Mar.2020 31 Jan. 27 Mar. 24 Feb. 28 Apr. 27 Mar. 28 Apr. 30 May. 23 Jun. 30 May. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 20203Q20 Results 8 th October 30 2020 Activity recovery in the quarter 1 BBVA TOTAL CARD+POS CONSUMPTION (% YOY, 7D CUMULATIVE) MEXICO SPAIN USA 20% 20.00% 20.00% 0.00% 0% 0.00% -20.00% -20% -20.00% -40.00% -40% -40.00% -60.00% TURKEY PERU COLOMBIA 75.00% 50.00% 25.00% 50.00% 25.00% 0.00% 25.00% 0.00% -25.00% 0.00% -25.00% -50.00% -25.00% -50.00% -50.00% -75.00% -75.00% (1) Debit and credit cards spending at physical and virtual BBVA Points of Sale (POS) by BBVA and non-BBVA customers plus spending by BBVA customers at physical and virtual non-BBVA POS. 7 Jan. 2020 7 Jan. 2020 31 Jan. 31 Jan. 24 Feb. 24 Feb. 27 Mar. 27 Mar. 28 Apr. 28 Apr. 30 May. 30 May. 23 Jun. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 2020 7 Jan. 2020 7 Jan. 2020 31 Jan. 31 Jan. 24 Feb. 24 Feb. 27 Mar. 27 Mar. 28 Apr. 28 Apr. 30 May. 30 May. 23 Jun. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 2020 7 Jan. 2020 2 Mar.2020 31 Jan. 27 Mar. 24 Feb. 28 Apr. 27 Mar. 28 Apr. 30 May. 23 Jun. 30 May. 23 Jun. 25 Jul. 25 Jul. 26 Aug. 26 Aug. 19 Sep. 19 Sep. 18 Oct. 2020 18 Oct. 2020

3Q20 Results 9 th October 30 2020 Signs of recovery in retail segments BBVA RETAIL NEW LOAN PRODUCTION MORTGAGES CONSUMER (FEB-20 = 100) MEXICO SPAIN USA TURKEY PERU COLOMBIA3Q20 Results 9 th October 30 2020 Signs of recovery in retail segments BBVA RETAIL NEW LOAN PRODUCTION MORTGAGES CONSUMER (FEB-20 = 100) MEXICO SPAIN USA TURKEY PERU COLOMBIA

3Q20 Results 10 th October 30 2020 Very strong cost control and efficiency GROUP OPERATING JAWS OPERATING EXPENSES EFFICIENCY RATIO (9M20 YOY, %; € CONSTANT) (€M CONSTANT) (%; € CONSTANT) - 3.8% 63.6% -438 bps INFLATION 50.0% 2,798 2,691 4.4% 45.6% Average 12m 3.4% -2.4% 3Q19 3Q20 12M19 9M20 European Core Operating 1 Peer Group Revenues Expenses (1) European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG. European Peer Group figures as of Jun-20. BBVA figures as of Sep-20.3Q20 Results 10 th October 30 2020 Very strong cost control and efficiency GROUP OPERATING JAWS OPERATING EXPENSES EFFICIENCY RATIO (9M20 YOY, %; € CONSTANT) (€M CONSTANT) (%; € CONSTANT) - 3.8% 63.6% -438 bps INFLATION 50.0% 2,798 2,691 4.4% 45.6% Average 12m 3.4% -2.4% 3Q19 3Q20 12M19 9M20 European Core Operating 1 Peer Group Revenues Expenses (1) European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG. European Peer Group figures as of Jun-20. BBVA figures as of Sep-20.

3Q20 Results 11 th October 30 2020 Risk indicators improving and within expectations FINANCIALASSETS IMPAIRMENTS NPLs (€M CONSTANT) (€BN) - €0.9 bn 2,418 1,618 17.1 16.7 16.4 16.2 16.0 1,048 1,039 1,039 3Q19 4Q19 1Q20 2Q20 3Q20 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 COSTOF RISK NPL & COVERAGE RATIOS (%) (%) 2.57% 86% 85% 85% 2.04% 77% 75% COVERAGE 1.69% 2.57% YtD CoR 1.17% 1.12% 1.51% Quarterly CoR 1.02% 0.99% NPL 0.97% 3.9% 3.8% 3.8% 3.7% 3.6% 3Q19 4Q19 1Q20 2Q20 3Q20 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 We maintain our recently improved 2020 CoR guidance in the range of 150-160bps3Q20 Results 11 th October 30 2020 Risk indicators improving and within expectations FINANCIALASSETS IMPAIRMENTS NPLs (€M CONSTANT) (€BN) - €0.9 bn 2,418 1,618 17.1 16.7 16.4 16.2 16.0 1,048 1,039 1,039 3Q19 4Q19 1Q20 2Q20 3Q20 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 COSTOF RISK NPL & COVERAGE RATIOS (%) (%) 2.57% 86% 85% 85% 2.04% 77% 75% COVERAGE 1.69% 2.57% YtD CoR 1.17% 1.12% 1.51% Quarterly CoR 1.02% 0.99% NPL 0.97% 3.9% 3.8% 3.8% 3.7% 3.6% 3Q19 4Q19 1Q20 2Q20 3Q20 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 We maintain our recently improved 2020 CoR guidance in the range of 150-160bps

3Q20 Results 12 th October 30 2020 Deferrals’ payment evolution better than expected ND TOTAL LOAN DEFERRALS EXPIRED LOAN DEFERRALS 2 DEFERRALS BREAKDOWN (YTD SEP. 30, 2020; %) GRANTED PAYMENT BEHAVIOR (YTD SEP. 30, 2020; %) (YTD SEP. 30, 2020; %) More than half are related to mortgages 2% Restructuring solutions 8.9% nd 2 deferrals 11% OF TOTAL 51% 1 LOANS 2 MORTGAGES In progress 8% RETAIL 66% TOTAL PORTFOLIO BY 3 DAYS PAST DUE STATUS (%) Resumed payments 79% Delinquency buckets WHOLESALE Most remaining wholesale show resiliency 34% deferrals will expire in 4Q20 0 days 97% 97% past due OUTSTANDING 30% 1% 1-30 1% 1% 30-90 Sep - 20 1% EXPIRED Sep - 19 70% 1% + 90 1% Note: data according to management information; includes loans that have been cancelled. th (1) Data under EBA criteria as of September 30 . (2) Settlement or adhesion to a new financing solution or partial payments (partial payments excluding Mexico). (3) Retail portfolio excludes USA, Argentina, Uruguay and Venezuela.3Q20 Results 12 th October 30 2020 Deferrals’ payment evolution better than expected ND TOTAL LOAN DEFERRALS EXPIRED LOAN DEFERRALS 2 DEFERRALS BREAKDOWN (YTD SEP. 30, 2020; %) GRANTED PAYMENT BEHAVIOR (YTD SEP. 30, 2020; %) (YTD SEP. 30, 2020; %) More than half are related to mortgages 2% Restructuring solutions 8.9% nd 2 deferrals 11% OF TOTAL 51% 1 LOANS 2 MORTGAGES In progress 8% RETAIL 66% TOTAL PORTFOLIO BY 3 DAYS PAST DUE STATUS (%) Resumed payments 79% Delinquency buckets WHOLESALE Most remaining wholesale show resiliency 34% deferrals will expire in 4Q20 0 days 97% 97% past due OUTSTANDING 30% 1% 1-30 1% 1% 30-90 Sep - 20 1% EXPIRED Sep - 19 70% 1% + 90 1% Note: data according to management information; includes loans that have been cancelled. th (1) Data under EBA criteria as of September 30 . (2) Settlement or adhesion to a new financing solution or partial payments (partial payments excluding Mexico). (3) Retail portfolio excludes USA, Argentina, Uruguay and Venezuela.

3Q20 Results 13 th October 30 2020 Strong capital generation CET1 FULLY-LOADED CET1 PHASED-IN QUARTERLY EVOLUTION (%, bps) SEP-20 +293 bps +30 bps above minimum requirement 11.99% 11.52% 12 bps 29 bps 11.22% -11 bps +340 bps Regulatory distance to MDA 1 Jun-20 Results FX and HTC&S Others Sep-20 net of AT1 Coupons (1) Mainly coming from RWAs evolution in constant euros. AT1 AND TIER 2 FL BUCKETS COVERED HIGH QUALITY CAPITAL- LEVERAGE RATIO FL SEP-20 SEP-20 BBVA, JUN-20 EUROPEAN PEERS 6.4% 2.51% 2.00% 5.0% 2.38% REQUIREMENTS 1.78% BBVA European Peer Group Average AT1 Tier 2 European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG. CET1 above the target range of 225-275 bps3Q20 Results 13 th October 30 2020 Strong capital generation CET1 FULLY-LOADED CET1 PHASED-IN QUARTERLY EVOLUTION (%, bps) SEP-20 +293 bps +30 bps above minimum requirement 11.99% 11.52% 12 bps 29 bps 11.22% -11 bps +340 bps Regulatory distance to MDA 1 Jun-20 Results FX and HTC&S Others Sep-20 net of AT1 Coupons (1) Mainly coming from RWAs evolution in constant euros. AT1 AND TIER 2 FL BUCKETS COVERED HIGH QUALITY CAPITAL- LEVERAGE RATIO FL SEP-20 SEP-20 BBVA, JUN-20 EUROPEAN PEERS 6.4% 2.51% 2.00% 5.0% 2.38% REQUIREMENTS 1.78% BBVA European Peer Group Average AT1 Tier 2 European Peer Group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS, UCG. CET1 above the target range of 225-275 bps

3Q20 Results 14 th October 30 2020 Leveraging digital capabilities to better serve our clients in this context GROUP DIGITAL SALES MOBILE CUSTOMERS APP INTERACTIONS 1 YTD, % MILLION CUSTOMERS, % QUARTERLY SERVICING TRANSACTIONS (3Q20 VS 3Q19) UNITS +13.9% 63.6% 32.8 57.7% 2 VALUE- PRV 5x 28.8 47.9% 41.9% Dec-19 Sep-20 Dec-19 Sep-20 51.8% 57.2% MOBILE PENETRATION (1) Servicing transaction: any financial or non-financial transaction that does not involve new products purchasing (i.e. transfers, simulations, information requests, payments, etc). Considers servicing transactions through the app in Spain, Mexico, Turkey, Colombia, Peru and Argentina. (2) Product Relative Value as a proxy of lifetime economic representation of units sold.3Q20 Results 14 th October 30 2020 Leveraging digital capabilities to better serve our clients in this context GROUP DIGITAL SALES MOBILE CUSTOMERS APP INTERACTIONS 1 YTD, % MILLION CUSTOMERS, % QUARTERLY SERVICING TRANSACTIONS (3Q20 VS 3Q19) UNITS +13.9% 63.6% 32.8 57.7% 2 VALUE- PRV 5x 28.8 47.9% 41.9% Dec-19 Sep-20 Dec-19 Sep-20 51.8% 57.2% MOBILE PENETRATION (1) Servicing transaction: any financial or non-financial transaction that does not involve new products purchasing (i.e. transfers, simulations, information requests, payments, etc). Considers servicing transactions through the app in Spain, Mexico, Turkey, Colombia, Peru and Argentina. (2) Product Relative Value as a proxy of lifetime economic representation of units sold.

3Q20 Results 15 th October 30 2020 Leading digital capabilities BANKING APP MARKET SHARE E-COMMERCE MARKET SHARE (%) (%) 38.7% 22.2% PEER 1 21.4% PEER 1 23.9% PEER 2 14.7% PEER 2 13.1% PEER 3 14.4% PEER 3 5.4% PEER 4 12.5% PEER 4 4.6% BBVA ranked PEER 5 10.9% 1 #1 in DIY PEER 5 3.4% PEER 6 6.6% 90% vs. 68% peers 10.9% 6.3% Other PEER 7 average Source: Smartme Analytics. Banks analyzed: BANKIA, BBVA, CAIXABANK, Source: BBVA acquiring business including Openpay and Adquira/Flap. E- IMAGINBANK, ING, OPENBANK, SABADELL and SANTANDER. Market share commerce approved transactions using credit & debit cards . Banks analyz ed : calculated as the percentage of banking app users that used each of the banking BANORTE, BANCOPPEL, BBVA, CITIBANAMEX, HSBC, SANTANDER and apps. Market share data as of 3Q20. DIY results as of June 2020 Smartme Analytics’ others. Data as of 9M20. Individuals Functionalities report. (1) DIY: Do-It-Yourself.3Q20 Results 15 th October 30 2020 Leading digital capabilities BANKING APP MARKET SHARE E-COMMERCE MARKET SHARE (%) (%) 38.7% 22.2% PEER 1 21.4% PEER 1 23.9% PEER 2 14.7% PEER 2 13.1% PEER 3 14.4% PEER 3 5.4% PEER 4 12.5% PEER 4 4.6% BBVA ranked PEER 5 10.9% 1 #1 in DIY PEER 5 3.4% PEER 6 6.6% 90% vs. 68% peers 10.9% 6.3% Other PEER 7 average Source: Smartme Analytics. Banks analyzed: BANKIA, BBVA, CAIXABANK, Source: BBVA acquiring business including Openpay and Adquira/Flap. E- IMAGINBANK, ING, OPENBANK, SABADELL and SANTANDER. Market share commerce approved transactions using credit & debit cards . Banks analyz ed : calculated as the percentage of banking app users that used each of the banking BANORTE, BANCOPPEL, BBVA, CITIBANAMEX, HSBC, SANTANDER and apps. Market share data as of 3Q20. DIY results as of June 2020 Smartme Analytics’ others. Data as of 9M20. Individuals Functionalities report. (1) DIY: Do-It-Yourself.

Business AreasBusiness Areas

3Q20 Results 17 th October 30 2020 Spain ACTIVITY (SEP-20) YtD YtD +3.3% Profit & Loss Δ (%) Δ (%) +0.0% (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 YoY €Bn Net Interest Income 882 -4.1 -1.8 2,675 0.5 YoY 256.6 +4.6% Net Fees and Commissions 441 0.3 -0.2 1,349 4.8 €Bn Net Trading Income 51 -50.7 74.4 217 78.3 164.2 +0.8% Other Income & Expenses 107 n.s. 2.2 141 -20.3 Gross Income 1,482 6.3 0.5 4,382 3.2 Operating Expenses -748 -0.4 -8.0 -2,277 -6.7 Demand 70.1 -3.2% Mortgages Operating Income 734 14.1 10.9 2,105 16.6 166.0 +11.7% Deposits Impairment on Financial Assets -192 -13.6 65.8 -1,075 n.s. Provisions & other gains (losses) -65 -35.3 -22.0 -430 58.8 Consumer + Credit Cards 13.6 +4.4% Income Before Tax 476 48.8 3.1 600 -59.7 Income Tax -124 35.9 -5.7 -158 -62.6 Very small businesses 15.0 +11.2% Net Attributable Profit 352 54.2 6.5 440 -58.7 Time Other Commercial 17.8 +6.8% 29.7 -7.2% Deposits Corporates + CIB 24.4 +10.5% Off-BS 13.8 Public sector -5.9% -14.0% 60.9 Funds 9.4 +4.1% Others 1 Lending Cust. Funds KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: +0.8% YoY driven by commercial segments, supported 65.7 67.6 by State guaranteed loans in 2Q, offsetting the deleverage in Yield on loans 58.9 Coverage mortgages and public sector. 2.05 1.93 1.89 4.58 Strong revenue growth (+3.2% YoY in 9M20), driven by fees 2.00 1.92 4.32 1.89 NPL ratio 4.26 (+4.8%) and NTI. Customer spread Remarkable decrease in Opex, exceeding expectations. Cost of deposits 1.00 0.80 CoR (YtD) Pre-provision profit growing at mid-teens (+16.6% YoY in 0.18 0.05 0.01 0.01 9M20). Asset quality improvement: CoR improving trend, aligned with 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 guidance. Best in class coverage, up +2pp in 3Q. Note: CoR 3Q19 YTD ex mortgage portfolio sale in 2Q19.3Q20 Results 17 th October 30 2020 Spain ACTIVITY (SEP-20) YtD YtD +3.3% Profit & Loss Δ (%) Δ (%) +0.0% (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 YoY €Bn Net Interest Income 882 -4.1 -1.8 2,675 0.5 YoY 256.6 +4.6% Net Fees and Commissions 441 0.3 -0.2 1,349 4.8 €Bn Net Trading Income 51 -50.7 74.4 217 78.3 164.2 +0.8% Other Income & Expenses 107 n.s. 2.2 141 -20.3 Gross Income 1,482 6.3 0.5 4,382 3.2 Operating Expenses -748 -0.4 -8.0 -2,277 -6.7 Demand 70.1 -3.2% Mortgages Operating Income 734 14.1 10.9 2,105 16.6 166.0 +11.7% Deposits Impairment on Financial Assets -192 -13.6 65.8 -1,075 n.s. Provisions & other gains (losses) -65 -35.3 -22.0 -430 58.8 Consumer + Credit Cards 13.6 +4.4% Income Before Tax 476 48.8 3.1 600 -59.7 Income Tax -124 35.9 -5.7 -158 -62.6 Very small businesses 15.0 +11.2% Net Attributable Profit 352 54.2 6.5 440 -58.7 Time Other Commercial 17.8 +6.8% 29.7 -7.2% Deposits Corporates + CIB 24.4 +10.5% Off-BS 13.8 Public sector -5.9% -14.0% 60.9 Funds 9.4 +4.1% Others 1 Lending Cust. Funds KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: +0.8% YoY driven by commercial segments, supported 65.7 67.6 by State guaranteed loans in 2Q, offsetting the deleverage in Yield on loans 58.9 Coverage mortgages and public sector. 2.05 1.93 1.89 4.58 Strong revenue growth (+3.2% YoY in 9M20), driven by fees 2.00 1.92 4.32 1.89 NPL ratio 4.26 (+4.8%) and NTI. Customer spread Remarkable decrease in Opex, exceeding expectations. Cost of deposits 1.00 0.80 CoR (YtD) Pre-provision profit growing at mid-teens (+16.6% YoY in 0.18 0.05 0.01 0.01 9M20). Asset quality improvement: CoR improving trend, aligned with 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 guidance. Best in class coverage, up +2pp in 3Q. Note: CoR 3Q19 YTD ex mortgage portfolio sale in 2Q19.

3Q20 Results 18 th October 30 2020 USA ACTIVITY (SEP-20) (€ CONSTANT) YtD YtD Profit & Loss Δ Constant (%) Δ Current Δ Constant +13.1% (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 +3.3% YoY Net Interest Income 599 4.8 2.2 1,708 -5.8 -5.5 YoY €Bn €Bn Net Fees and Commissions 174 11.4 4.6 503 2.9 3.3 73.3 +17.0% 62.7 Net Trading Income 31 -42.6 -46.0 176 27.0 28.8 +6.3% Other Income & Expenses -3 -55.2 n.s. -13 n.s. n.s. Gross Income 802 3.3 -1.4 2,374 -2.8 -2.4 13.3 -1.8% Mortgages Operating Expenses -475 5.4 -2.4 -1,414 -2.8 -2.5 Consumer + Credit Operating Income 327 0.4 -0.1 960 -2.8 -2.4 5.7 -2.4% Cards Impairment on Financial Assets -247 34.7 109.8 -848 108.9 109.1 Demand Provisions & other gains (losses) 23 n.s. 128.2 5 -5.1 5.7 63.3 +32.0% Deposits Income Before Tax 103 -17.3 -53.0 117 -80.0 -79.9 27.1 Other Commercial +11.3% Income Tax -13 1,042.4 -69.2 -3 -97.7 -97.7 Net Attributable Profit 90 -27.1 -49.2 115 -75.9 -75.8 C&IB 10.2 +15.2% Time Public Sector -2.2% 5.1 10.0 -32.0% Deposits Others 1.3 +8.0% 1 Lending Deposits KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. Loans: +6.3% YoY driven by commercial portfolios due to the CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) use of credit lines and State guaranteed loans, slowing down in 133.1 Yield on loans 3Q. 102.1 94.5 Coverage 4.93 Deposit mix and cost improvement. Demand deposits 3.99 3.89 representing >86% of total deposits and + 18 bps QoQ 1.93 NPL ratio improvement in cost of deposits. 1.10 1.14 3.91 3.55 3.63 Customer spread Core revenue growth: +6.2% QoQ, improving trend. 1.80 1.02 1.69 CoR (YtD) 0.44 0.87 Significant cost reduction: -2.4% YoY in 3Q. 0.26 Cost of deposits Asset Quality: CoR downward trend continues, in line with guidance. NPL ratio up due to rating downgrades in the 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 commercial portfolio.3Q20 Results 18 th October 30 2020 USA ACTIVITY (SEP-20) (€ CONSTANT) YtD YtD Profit & Loss Δ Constant (%) Δ Current Δ Constant +13.1% (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 +3.3% YoY Net Interest Income 599 4.8 2.2 1,708 -5.8 -5.5 YoY €Bn €Bn Net Fees and Commissions 174 11.4 4.6 503 2.9 3.3 73.3 +17.0% 62.7 Net Trading Income 31 -42.6 -46.0 176 27.0 28.8 +6.3% Other Income & Expenses -3 -55.2 n.s. -13 n.s. n.s. Gross Income 802 3.3 -1.4 2,374 -2.8 -2.4 13.3 -1.8% Mortgages Operating Expenses -475 5.4 -2.4 -1,414 -2.8 -2.5 Consumer + Credit Operating Income 327 0.4 -0.1 960 -2.8 -2.4 5.7 -2.4% Cards Impairment on Financial Assets -247 34.7 109.8 -848 108.9 109.1 Demand Provisions & other gains (losses) 23 n.s. 128.2 5 -5.1 5.7 63.3 +32.0% Deposits Income Before Tax 103 -17.3 -53.0 117 -80.0 -79.9 27.1 Other Commercial +11.3% Income Tax -13 1,042.4 -69.2 -3 -97.7 -97.7 Net Attributable Profit 90 -27.1 -49.2 115 -75.9 -75.8 C&IB 10.2 +15.2% Time Public Sector -2.2% 5.1 10.0 -32.0% Deposits Others 1.3 +8.0% 1 Lending Deposits KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. Loans: +6.3% YoY driven by commercial portfolios due to the CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) use of credit lines and State guaranteed loans, slowing down in 133.1 Yield on loans 3Q. 102.1 94.5 Coverage 4.93 Deposit mix and cost improvement. Demand deposits 3.99 3.89 representing >86% of total deposits and + 18 bps QoQ 1.93 NPL ratio improvement in cost of deposits. 1.10 1.14 3.91 3.55 3.63 Customer spread Core revenue growth: +6.2% QoQ, improving trend. 1.80 1.02 1.69 CoR (YtD) 0.44 0.87 Significant cost reduction: -2.4% YoY in 3Q. 0.26 Cost of deposits Asset Quality: CoR downward trend continues, in line with guidance. NPL ratio up due to rating downgrades in the 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 commercial portfolio.

3Q20 Results 19 th October 30 2020 Mexico ACTIVITY (SEP-20) (€ CONSTANT) YtD YtD Profit & Loss Δ Constant (%) Δ Current Δ Constant +11.2% (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 +2.6% Net Interest Income 1,392 11.1 1.6 4,036 -12.2 -0.4 YoY YoY €Bn Net Fees and Commissions 267 15.1 -8.2 766 -19.5 -8.7 71.2 +14.3% Net Trading Income 105 -32.3 12.6 330 36.9 55.3 Other Income & Expenses 13 -41.7 -22.3 99 -18.0 -7.0 €Bn Gross Income 1,777 6.9 0.4 5,231 -11.5 0.4 +5.7% 48.0 Operating Expenses -574 0.1 -2.3 -1,742 -11.0 0.9 Mortgages Operating Income 1,203 10.5 1.7 3,489 -11.8 0.1 9.3 +8.0% Demand 39.9 +24.4% Impairment on Financial Assets -392 -40.6 6.1 -1,749 41.3 60.3 Deposits Consumer 7.1 Provisions & other gains (losses) 14 n.s. n.s. -48 238.4 283.9 -1.4% Credit Cards 3.9 -3.5% Income Before Tax 825 118.9 2.0 1,692 -37.4 -29.0 SMEs 2.7 -5.6% Income Tax -257 242.4 21.6 -487 -33.9 -25.0 Time Net Attributable Profit 567 88.1 -4.9 1,204 -38.7 -30.5 9.9 -4.2% Deposits Other 21.1 +8.1% Commercial Off-BS 21.4 +7.7% Funds 3.8 +21.7% Public sector 1 1 Lending Cust. Funds KEY RATIOS (1) Performing loans and Cust. Funds under management, excluding repos, according to local GAAP. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: +5.7% YoY driven by commercial segments (drawdown of credit lines in 1Q) and mortgages. 170.2 165.5 Yield on loans 136.2 Coverage Significant P&L recovery vs. 2Q20 explained by core revenue 13.00 10.64 11.22 growth, opex control and lower provisions. 2.39 2.29 2.22 Customer spread up 107 bps QoQ. Deposit costs decreased -48 NPL ratio 10.46 9.83 bps and loan yield up +58 bps, as deferrals on SMEs and credit 8.76 Customer spread cards expired. 4.95 4.27 2.54 1.88 1.40 2.98 CoR (YtD) Costs under control: -2.3% YoY in 3Q Cost of deposits Asset quality improving: CoR improvement after 1H provision 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 frontloading, aligned with updated guidance. 3Q20 Results 19 th October 30 2020 Mexico ACTIVITY (SEP-20) (€ CONSTANT) YtD YtD Profit & Loss Δ Constant (%) Δ Current Δ Constant +11.2% (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 +2.6% Net Interest Income 1,392 11.1 1.6 4,036 -12.2 -0.4 YoY YoY €Bn Net Fees and Commissions 267 15.1 -8.2 766 -19.5 -8.7 71.2 +14.3% Net Trading Income 105 -32.3 12.6 330 36.9 55.3 Other Income & Expenses 13 -41.7 -22.3 99 -18.0 -7.0 €Bn Gross Income 1,777 6.9 0.4 5,231 -11.5 0.4 +5.7% 48.0 Operating Expenses -574 0.1 -2.3 -1,742 -11.0 0.9 Mortgages Operating Income 1,203 10.5 1.7 3,489 -11.8 0.1 9.3 +8.0% Demand 39.9 +24.4% Impairment on Financial Assets -392 -40.6 6.1 -1,749 41.3 60.3 Deposits Consumer 7.1 Provisions & other gains (losses) 14 n.s. n.s. -48 238.4 283.9 -1.4% Credit Cards 3.9 -3.5% Income Before Tax 825 118.9 2.0 1,692 -37.4 -29.0 SMEs 2.7 -5.6% Income Tax -257 242.4 21.6 -487 -33.9 -25.0 Time Net Attributable Profit 567 88.1 -4.9 1,204 -38.7 -30.5 9.9 -4.2% Deposits Other 21.1 +8.1% Commercial Off-BS 21.4 +7.7% Funds 3.8 +21.7% Public sector 1 1 Lending Cust. Funds KEY RATIOS (1) Performing loans and Cust. Funds under management, excluding repos, according to local GAAP. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: +5.7% YoY driven by commercial segments (drawdown of credit lines in 1Q) and mortgages. 170.2 165.5 Yield on loans 136.2 Coverage Significant P&L recovery vs. 2Q20 explained by core revenue 13.00 10.64 11.22 growth, opex control and lower provisions. 2.39 2.29 2.22 Customer spread up 107 bps QoQ. Deposit costs decreased -48 NPL ratio 10.46 9.83 bps and loan yield up +58 bps, as deferrals on SMEs and credit 8.76 Customer spread cards expired. 4.95 4.27 2.54 1.88 1.40 2.98 CoR (YtD) Costs under control: -2.3% YoY in 3Q Cost of deposits Asset quality improving: CoR improvement after 1H provision 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20 frontloading, aligned with updated guidance.

3Q20 Results 20 th October 30 2020 Turkey ACTIVITY (SEP-20) (€ CONSTANT; BANK ONLY) Profit & Loss Δ Constant (%) Δ Current Δ Constant (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 Net Interest Income 774 7.8 37.9 2,218 9.3 31.0 YtD 1 YtD YoY 1 Net Fees and Commissions 143 39.6 -8.1 391 -28.5 -14.3 YoY 3.8% -2.3% Net Trading Income 87 44.9 n.s. 206 n.s. n.s. FC 6.8% Other Income & Expenses 21 94.1 255.6 51 38.6 66.1 -1.4% 10.8 FC Gross Income 1,024 15.0 41.7 2,866 12.5 34.8 8.6 -29.2% Time Operating Expenses -262 3.0 8.0 -792 -10.7 7.0 Operating Income 762 19.8 58.8 2,075 24.9 49.6 34.3% YtD TL -1.8% Impairment on Financial Assets -97 -56.6 -62.0 -680 5.5 26.4 26.0% Demand 79.8% 47.4% 10.8 10.6 Provisions & other gains (losses) -13 -67.6 15.9 -70 103.2 143.5 Commercial Income Before Tax 651 75.2 206.3 1,325 34.9 61.6 24.3% TL YtD Income Tax -143 49.3 203.6 -308 46.8 76.0 13.9% Non-controlling Interest -257 83.5 203.5 -515 30.9 56.9 10.1 13.3% Time Net Attributable Profit 252 84.8 210.8 503 32.4 58.6 23.9% 11.4 Retail 4.6 58.3% Demand 2 2 Lending Deposits (1) FC evolution excluding FX impact. (2) Performing loans and deposits under KEY RATIOS management, excluding repos, according to local GAAP. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: significant TL loan growth (+34% YoY), driven by commercial, but decelerating in 3Q. 81.9 81.9 74.5 Coverage Robust operating income growth: +50% YoY in 9M20 5.25 supported by NII, NTI, and Opex control. FC 4.94 4.84 7.19 NII +31% YoY in 9M20, explained by loan growth and the 7.11 NPL ratio 7.02 7.30 TL improvement in TL customer spread. 6.05 4.10 Cost growth below average inflation (+11.5%). CoR (YtD) 2.71 2.00 1.99 Significant CoR improvement due to the strong provision frontloading in 1H20 and a big ticket recovery in 3Q. 3Q19 2Q20 3Q20 3Q19 2Q20 3Q203Q20 Results 20 th October 30 2020 Turkey ACTIVITY (SEP-20) (€ CONSTANT; BANK ONLY) Profit & Loss Δ Constant (%) Δ Current Δ Constant (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) 3Q20 9M20 Net Interest Income 774 7.8 37.9 2,218 9.3 31.0 YtD 1 YtD YoY 1 Net Fees and Commissions 143 39.6 -8.1 391 -28.5 -14.3 YoY 3.8% -2.3% Net Trading Income 87 44.9 n.s. 206 n.s. n.s. FC 6.8% Other Income & Expenses 21 94.1 255.6 51 38.6 66.1 -1.4% 10.8 FC Gross Income 1,024 15.0 41.7 2,866 12.5 34.8 8.6 -29.2% Time Operating Expenses -262 3.0 8.0 -792 -10.7 7.0 Operating Income 762 19.8 58.8 2,075 24.9 49.6 34.3% YtD TL -1.8% Impairment on Financial Assets -97 -56.6 -62.0 -680 5.5 26.4 26.0% Demand 79.8% 47.4% 10.8 10.6 Provisions & other gains (losses) -13 -67.6 15.9 -70 103.2 143.5 Commercial Income Before Tax 651 75.2 206.3 1,325 34.9 61.6 24.3% TL YtD Income Tax -143 49.3 203.6 -308 46.8 76.0 13.9% Non-controlling Interest -257 83.5 203.5 -515 30.9 56.9 10.1 13.3% Time Net Attributable Profit 252 84.8 210.8 503 32.4 58.6 23.9% 11.4 Retail 4.6 58.3% Demand 2 2 Lending Deposits (1) FC evolution excluding FX impact. (2) Performing loans and deposits under KEY RATIOS management, excluding repos, according to local GAAP. CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) Loans: significant TL loan growth (+34% YoY), driven by commercial, but decelerating in 3Q. 81.9 81.9 74.5 Coverage Robust operating income growth: +50% YoY in 9M20 5.25 supported by NII, NTI, and Opex control. FC 4.94 4.84 7.19 NII +31% YoY in 9M20, explained by loan growth and the 7.11 NPL ratio 7.02 7.30 TL improvement in TL customer spread. 6.05 4.10 Cost growth below average inflation (+11.5%). CoR (YtD) 2.71 2.00 1.99 Significant CoR improvement due to the strong provision frontloading in 1H20 and a big ticket recovery in 3Q. 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20

3Q20 Results 21 th October 30 2020 South America ACTIVITY (SEP-20) YtD (€ CONSTANT) 1 1 YtD +18.1% Net Attributable Profit 0 Δ Constant (%) Δ Current Δ Constant (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) +12.0% 3Q20 9M20 YoY Colombia 56 42.0 -7.7 103 -48.1 -40.6 Peru 45 1,638.5 -15.3 76 -50.1 -48.1 YoY €Bn Argentina 53 n.s. n.s. 84 -28.2 n.s. 49.9 +19.4% €Bn 2 28 132.2 -4.2 63 -37.4 -26.7 Other +13.1% 33.8 South America 182 111.8 -2.1 326 -42.7 -30.1 12.9 +10.3% Colombia 10.9 Colombia +7.3% (1) Venezuela in current €. (2) Other includes BBVA Forum, Venezuela, Paraguay, Uruguay and Bolivia. 17.7 +23.3% Peru 15.9 Peru +21.2% +58.4% 5.6 Argentina Argentina +24.1% 2.9 13.7 Other +12.1% 4.0 Other -4.4% 1 Lending Cust. Funds KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. Colombia: Solid core revenue growth, NTI and opex control as CUSTOMER SPREAD (%) COST OF RISK YTD (%) main P&L levers in 3Q. CoR improvement QoQ due to the 3.37 2.98 6.64 6.42 1.66 strong provision frontloading in 1Q20 and high recoveries. 6.62 Peru: Increased contribution vs. previous quarters explained by a lower CoR, impacted by a positive macro adjustment and 2.91 6.33 5.61 5.31 1.50 2.25 revenue growth. Argentina: increased contribution due to provision releases in the fixed income portfolio in 3Q. 4.49 3.64 2.59 19.32 16.07 16.30 3Q19 2Q20 3Q20 3Q19 2Q20 3Q203Q20 Results 21 th October 30 2020 South America ACTIVITY (SEP-20) YtD (€ CONSTANT) 1 1 YtD +18.1% Net Attributable Profit 0 Δ Constant (%) Δ Current Δ Constant (€m constant) vs 2Q20 vs 3Q19 vs 9M19 (%) vs 9M19 (%) +12.0% 3Q20 9M20 YoY Colombia 56 42.0 -7.7 103 -48.1 -40.6 Peru 45 1,638.5 -15.3 76 -50.1 -48.1 YoY €Bn Argentina 53 n.s. n.s. 84 -28.2 n.s. 49.9 +19.4% €Bn 2 28 132.2 -4.2 63 -37.4 -26.7 Other +13.1% 33.8 South America 182 111.8 -2.1 326 -42.7 -30.1 12.9 +10.3% Colombia 10.9 Colombia +7.3% (1) Venezuela in current €. (2) Other includes BBVA Forum, Venezuela, Paraguay, Uruguay and Bolivia. 17.7 +23.3% Peru 15.9 Peru +21.2% +58.4% 5.6 Argentina Argentina +24.1% 2.9 13.7 Other +12.1% 4.0 Other -4.4% 1 Lending Cust. Funds KEY RATIOS Note: Activity excludes repos. (1) Performing loans under management. Colombia: Solid core revenue growth, NTI and opex control as CUSTOMER SPREAD (%) COST OF RISK YTD (%) main P&L levers in 3Q. CoR improvement QoQ due to the 3.37 2.98 6.64 6.42 1.66 strong provision frontloading in 1Q20 and high recoveries. 6.62 Peru: Increased contribution vs. previous quarters explained by a lower CoR, impacted by a positive macro adjustment and 2.91 6.33 5.61 5.31 1.50 2.25 revenue growth. Argentina: increased contribution due to provision releases in the fixed income portfolio in 3Q. 4.49 3.64 2.59 19.32 16.07 16.30 3Q19 2Q20 3Q20 3Q19 2Q20 3Q20

Final RemarksFinal Remarks

3Q20 Results 23 th October 30 2020 Final Remarks Expected 2021 trends Strong Operating Income growth, in a difficult environment, driven by core According to our current revenue growth and very strong cost macro expectations: control Core revenue growth in constant euros Significant improvement in Risk indicators in the quarter, aligned with updated CoR guidance Cost control as a key management priority Strong capital generation and already CoR below 2020 level above our target Leading digital capabilities3Q20 Results 23 th October 30 2020 Final Remarks Expected 2021 trends Strong Operating Income growth, in a difficult environment, driven by core According to our current revenue growth and very strong cost macro expectations: control Core revenue growth in constant euros Significant improvement in Risk indicators in the quarter, aligned with updated CoR guidance Cost control as a key management priority Strong capital generation and already CoR below 2020 level above our target Leading digital capabilities

Annex Net Attributable Profit evolution ALCO Portfolio, NII Sensitivity 01 09 and LCRs & NSFRs Gross Income breakdown CET1 Sensitivity to market impacts 02 10 P&L Accounts by business unit CET1 YTD & RWAs by business area 03 11 Customer Spread by country Book Value of the main subsidiaries 04 12 Outstanding loan commitments TBV Per share and dividends evolution 05 13 Stages breakdown by business areas Garanti BBVA: wholesale funding 06 14 EAD to most vulnerable sectors Argentina: hyperinflation adjustment 07 15 in the current environment Outstanding loan deferrals & loans Digital sales breakdown 08 16 backed by State guaranteesAnnex Net Attributable Profit evolution ALCO Portfolio, NII Sensitivity 01 09 and LCRs & NSFRs Gross Income breakdown CET1 Sensitivity to market impacts 02 10 P&L Accounts by business unit CET1 YTD & RWAs by business area 03 11 Customer Spread by country Book Value of the main subsidiaries 04 12 Outstanding loan commitments TBV Per share and dividends evolution 05 13 Stages breakdown by business areas Garanti BBVA: wholesale funding 06 14 EAD to most vulnerable sectors Argentina: hyperinflation adjustment 07 15 in the current environment Outstanding loan deferrals & loans Digital sales breakdown 08 16 backed by State guarantees

01 Net Attributable Profit evolution01 Net Attributable Profit evolution

3Q20 Results 26 26 th October 30 2020 Net Attributable Profit evolution €M BUSINESSES -1,473€m 3,667 -402 277 -625 2,069 186 -360 -6 -140 -528 9M19 FX Spain USA Mexico Turkey Rest of South America Corp. Center 9M20 Effect Eurasia YoY (%) -58.7 -75.8 -30.5 58.6 -6.1 -30.1 (constant €) Note: excluding BBVA USA 1Q20 goodwill impairment.3Q20 Results 26 26 th October 30 2020 Net Attributable Profit evolution €M BUSINESSES -1,473€m 3,667 -402 277 -625 2,069 186 -360 -6 -140 -528 9M19 FX Spain USA Mexico Turkey Rest of South America Corp. Center 9M20 Effect Eurasia YoY (%) -58.7 -75.8 -30.5 58.6 -6.1 -30.1 (constant €) Note: excluding BBVA USA 1Q20 goodwill impairment.

02 Gross Income breakdown02 Gross Income breakdown

3Q20 Results 28 th October 30 2020 Gross Income breakdown 9M20 Spain 4,382 €m Rest of Eurasia 25% 388 €m USA 2% 2,374 €m 13% South America 14% 2,441 €m Turkey 16% 2,866 €m 30% Mexico 5,231 €m Note: Figures exclude Corporate Center.3Q20 Results 28 th October 30 2020 Gross Income breakdown 9M20 Spain 4,382 €m Rest of Eurasia 25% 388 €m USA 2% 2,374 €m 13% South America 14% 2,441 €m Turkey 16% 2,866 €m 30% Mexico 5,231 €m Note: Figures exclude Corporate Center.

03 P&L Accounts by business unit Rest of Eurasia Corporate Center Colombia Peru03 P&L Accounts by business unit Rest of Eurasia Corporate Center Colombia Peru

3Q20 Results 30 th October 30 2020 Rest of Eurasia – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income 56 2.1 23.5 159 21.9 Net Fees and Commissions 34 -19.0 -6.0 117 10.8 Net Trading Income 27 -37.1 -20.5 105 11.9 Other Income & Expenses 3 -4.3 -22.4 7 -17.7 Gross Income 120 -15.9 0.8 388 14.6 Operating Expenses -67 4.4 -5.4 -204 -4.0 Operating Income 53 -32.6 10.1 184 46.1 Impairment on Financial Assets -14 -66.0 n.s. -48 n.s. Provisions & other gains (losses) 0 -93.2 n.s. -8 n.s. Income Before Tax 38 26.5 -36.7 128 -1.2 Income Tax -8 5.5 -38.4 -31 17.2 Net Attributable Profit 30 33.7 -36.3 96 -5.93Q20 Results 30 th October 30 2020 Rest of Eurasia – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income 56 2.1 23.5 159 21.9 Net Fees and Commissions 34 -19.0 -6.0 117 10.8 Net Trading Income 27 -37.1 -20.5 105 11.9 Other Income & Expenses 3 -4.3 -22.4 7 -17.7 Gross Income 120 -15.9 0.8 388 14.6 Operating Expenses -67 4.4 -5.4 -204 -4.0 Operating Income 53 -32.6 10.1 184 46.1 Impairment on Financial Assets -14 -66.0 n.s. -48 n.s. Provisions & other gains (losses) 0 -93.2 n.s. -8 n.s. Income Before Tax 38 26.5 -36.7 128 -1.2 Income Tax -8 5.5 -38.4 -31 17.2 Net Attributable Profit 30 33.7 -36.3 96 -5.9

3Q20 Results 31 th October 30 2020 Corporate Center – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income -33 18.7 -45.4 -103 -46.7 Net Fees and Commissions -15 -43.5 -14.6 -50 -19.1 Net Trading Income -9 n.s. n.s. 175 n.s. Other Income & Expenses -15 n.s. 10.7 2 n.s. Gross Income -73 481.1 1.0 26 n.s. Operating Expenses -204 3.6 -13.4 -610 -15.0 Operating Income -277 32.0 -10.0 -584 -43.0 Impairment on Financial Assets 0 n.s. n.s. 0 31.9 * Provisions & other gains (losses) -123 45.6 515.8 -232 263.8 * * Income Before Tax -400 36.1 22.3 -816 -25.1 * Income Tax 116 161.0 147.6 201 -1.0 Non-controlling interest 1 n.s. -85.9 0 -99.2 Net Attributable Profit (ex-BBVA USA Goodwill impairment) -283 13.3 3.0 -615 -31.0 BBVA USA Goodwill impairment 0.0 n.s n.s -2,084 n.s Net Attributable Profit (reported) -283 13.3 3.0 -2,699 202.9 (*) Figures exclude BBVA USA 1Q20 goodwill impairment.3Q20 Results 31 th October 30 2020 Corporate Center – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income -33 18.7 -45.4 -103 -46.7 Net Fees and Commissions -15 -43.5 -14.6 -50 -19.1 Net Trading Income -9 n.s. n.s. 175 n.s. Other Income & Expenses -15 n.s. 10.7 2 n.s. Gross Income -73 481.1 1.0 26 n.s. Operating Expenses -204 3.6 -13.4 -610 -15.0 Operating Income -277 32.0 -10.0 -584 -43.0 Impairment on Financial Assets 0 n.s. n.s. 0 31.9 * Provisions & other gains (losses) -123 45.6 515.8 -232 263.8 * * Income Before Tax -400 36.1 22.3 -816 -25.1 * Income Tax 116 161.0 147.6 201 -1.0 Non-controlling interest 1 n.s. -85.9 0 -99.2 Net Attributable Profit (ex-BBVA USA Goodwill impairment) -283 13.3 3.0 -615 -31.0 BBVA USA Goodwill impairment 0.0 n.s n.s -2,084 n.s Net Attributable Profit (reported) -283 13.3 3.0 -2,699 202.9 (*) Figures exclude BBVA USA 1Q20 goodwill impairment.

3Q20 Results 32 th October 30 2020 Colombia – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m constant ) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income 194 -1.3 6.0 587 7.8 Net Fees and Commissions 22 84.6 16.2 51 -13.2 Net Trading Income 28 15.7 153.7 57 30.0 Other Income & Expenses -7 265.4 n.s. -10 n.s. Gross Income 238 2.9 10.5 686 4.2 Operating Expenses -80 7.5 0.1 -239 1.3 Operating Income 158 0.7 16.6 447 5.9 Impairment on Financial Assets -68 -23.1 90.2 -279 100.7 Provisions & other gains (losses) -5 -50.5 82.2 -17 81.7 Income Before Tax 85 45.1 -12.4 151 -44.8 Income Tax -27 51.8 -20.8 -45 -52.3 Non-controlling interest -2 45.1 -11.4 -4 -49.1 Net Attributable Profit 56 42.0 -7.7 103 -40.63Q20 Results 32 th October 30 2020 Colombia – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m constant ) vs 2Q20 vs 3Q19 vs 9M19 3Q20 9M20 Net Interest Income 194 -1.3 6.0 587 7.8 Net Fees and Commissions 22 84.6 16.2 51 -13.2 Net Trading Income 28 15.7 153.7 57 30.0 Other Income & Expenses -7 265.4 n.s. -10 n.s. Gross Income 238 2.9 10.5 686 4.2 Operating Expenses -80 7.5 0.1 -239 1.3 Operating Income 158 0.7 16.6 447 5.9 Impairment on Financial Assets -68 -23.1 90.2 -279 100.7 Provisions & other gains (losses) -5 -50.5 82.2 -17 81.7 Income Before Tax 85 45.1 -12.4 151 -44.8 Income Tax -27 51.8 -20.8 -45 -52.3 Non-controlling interest -2 45.1 -11.4 -4 -49.1 Net Attributable Profit 56 42.0 -7.7 103 -40.6

3Q20 Results 33 th October 30 2020 Peru – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m constant ) 3Q20 vs 2Q20 vs 3Q19 9M20 vs 9M19 Net Interest Income 211 7.0 -5.1 620 -5.3 Net Fees and Commissions 65 45.3 12.1 160 -4.3 Net Trading Income 46 32.0 7.7 116 -5.0 Other Income & Expenses -7 -6.4 32.8 -21 31.1 Gross Income 314 17.0 -0.9 875 -5.7 Operating Expenses -111 6.5 -0.9 -330 0.7 Operating Income 203 23.5 -0.9 545 -9.2 Impairment on Financial Assets -48 -64.3 4.9 -276 71.5 Provisions & other gains (losses) -19 -12.2 n.s. -45 n.s. Income Before Tax 136 1,713.6 -16.7 224 -50.2 Income Tax -40 n.s. -14.8 -60 -53.8 Non-controlling interest -51 n.s. -19.2 -87 -49.4 Net Attributable Profit 45 1,638.5 -15.3 76 -48.13Q20 Results 33 th October 30 2020 Peru – Profit & Loss Profit & Loss Δ (%) Δ (%) (€m constant ) 3Q20 vs 2Q20 vs 3Q19 9M20 vs 9M19 Net Interest Income 211 7.0 -5.1 620 -5.3 Net Fees and Commissions 65 45.3 12.1 160 -4.3 Net Trading Income 46 32.0 7.7 116 -5.0 Other Income & Expenses -7 -6.4 32.8 -21 31.1 Gross Income 314 17.0 -0.9 875 -5.7 Operating Expenses -111 6.5 -0.9 -330 0.7 Operating Income 203 23.5 -0.9 545 -9.2 Impairment on Financial Assets -48 -64.3 4.9 -276 71.5 Provisions & other gains (losses) -19 -12.2 n.s. -45 n.s. Income Before Tax 136 1,713.6 -16.7 224 -50.2 Income Tax -40 n.s. -14.8 -60 -53.8 Non-controlling interest -51 n.s. -19.2 -87 -49.4 Net Attributable Profit 45 1,638.5 -15.3 76 -48.1

04 Customer spread by country04 Customer spread by country

3Q20 Results 35 th October 30 2020 Customer spreads: quarterly evolution AVERAGE 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Spain 2.00% 1.99% 1.96% 1.92% 1.89% Turkey TL 4.10% 7.12% 7.46% 7.30% 6.05% Yield on Loans 2.05% 2.02% 1.99% 1.93% 1.89% Yield on Loans 18.56% 16.46% 14.58% 13.22% 12.17% Cost of Deposits -0.05% -0.04% -0.03% -0.01% -0.01% Cost of Deposits -14.46% -9.34% -7.12% -5.93% -6.12% USA 3.91% 3.73% 3.74% 3.55% 3.63% 1 Turkey FC 5.25% 5.30% 5.30% 4.94% 4.84% Yield on Loans 4.93% 4.68% 4.57% 3.99% 3.89% Yield on Loans 7.04% 6.71% 6.22% 5.37% 5.04% Cost of Deposits -1.02% -0.95% -0.83% -0.44% -0.26% Cost of Deposits -1.79% -1.41% -0.92% -0.43% -0.20% Mexico MXN 11.59% 11.69% 11.39% 9.89% 11.17% Argentina 16.30% 24.41% 22.80% 19.32% 16.07% Yield on Loans 14.50% 14.32% 13.86% 12.10% 12.82% Yield on Loans 29.36% 36.54% 31.99% 25.73% 24.79% Cost of Deposits -2.91% -2.63% -2.47% -2.21% -1.65% Cost of Deposits -13.06% -12.13% -9.20% -6.41% -8.71% 1 Mexico FC 4.08% 3.84% 3.80% 3.34% 2.98% Colombia 6.64% 6.54% 6.36% 6.42% 6.62% Yield on Loans 4.44% 4.14% 4.03% 3.48% 3.04% Yield on Loans 10.82% 10.63% 10.42% 10.14% 9.78% Cost of Deposits -0.36% -0.30% -0.23% -0.14% -0.06% Cost of Deposits -4.18% -4.09% -4.06% -3.73% -3.15% Peru 6.33% 6.06% 6.20% 5.61% 5.31% Yield on Loans 7.78% 7.43% 7.37% 6.57% 5.88% (1) Foreign currency. Note: USA ex NY Business Activity. Cost of Deposits -1.45% -1.37% -1.16% -0.96% -0.57%3Q20 Results 35 th October 30 2020 Customer spreads: quarterly evolution AVERAGE 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Spain 2.00% 1.99% 1.96% 1.92% 1.89% Turkey TL 4.10% 7.12% 7.46% 7.30% 6.05% Yield on Loans 2.05% 2.02% 1.99% 1.93% 1.89% Yield on Loans 18.56% 16.46% 14.58% 13.22% 12.17% Cost of Deposits -0.05% -0.04% -0.03% -0.01% -0.01% Cost of Deposits -14.46% -9.34% -7.12% -5.93% -6.12% USA 3.91% 3.73% 3.74% 3.55% 3.63% 1 Turkey FC 5.25% 5.30% 5.30% 4.94% 4.84% Yield on Loans 4.93% 4.68% 4.57% 3.99% 3.89% Yield on Loans 7.04% 6.71% 6.22% 5.37% 5.04% Cost of Deposits -1.02% -0.95% -0.83% -0.44% -0.26% Cost of Deposits -1.79% -1.41% -0.92% -0.43% -0.20% Mexico MXN 11.59% 11.69% 11.39% 9.89% 11.17% Argentina 16.30% 24.41% 22.80% 19.32% 16.07% Yield on Loans 14.50% 14.32% 13.86% 12.10% 12.82% Yield on Loans 29.36% 36.54% 31.99% 25.73% 24.79% Cost of Deposits -2.91% -2.63% -2.47% -2.21% -1.65% Cost of Deposits -13.06% -12.13% -9.20% -6.41% -8.71% 1 Mexico FC 4.08% 3.84% 3.80% 3.34% 2.98% Colombia 6.64% 6.54% 6.36% 6.42% 6.62% Yield on Loans 4.44% 4.14% 4.03% 3.48% 3.04% Yield on Loans 10.82% 10.63% 10.42% 10.14% 9.78% Cost of Deposits -0.36% -0.30% -0.23% -0.14% -0.06% Cost of Deposits -4.18% -4.09% -4.06% -3.73% -3.15% Peru 6.33% 6.06% 6.20% 5.61% 5.31% Yield on Loans 7.78% 7.43% 7.37% 6.57% 5.88% (1) Foreign currency. Note: USA ex NY Business Activity. Cost of Deposits -1.45% -1.37% -1.16% -0.96% -0.57%

3Q20 Results 36 th October 30 2020 Customer spreads: YTD evolution YTD AVERAGE 9M19 9M20 9M19 9M20 Spain 1.99% 1.92% Turkey TL 3.12% 6.88% Yield on Loans 2.05% 1.94% Yield on Loans 18.89% 13.24% Cost of Deposits -0.06% -0.01% Cost of Deposits -15.77% -6.36% 1 USA 4.06% 3.65% Turkey FC 5.14% 5.01% Yield on Loans 7.27% 5.50% Yield on Loans 5.00% 4.14% Cost of Deposits -0.94% -0.49% Cost of Deposits -2.13% -0.49% Mexico MXN 11.73% 10.82% Argentina 16.17% 19.14% Yield on Loans 14.52% 12.92% Yield on Loans 29.06% 27.22% Cost of Deposits -2.79% -2.10% Cost of Deposits -12.88% -8.08% 1 Mexico FC 4.27% 3.35% Colombia 6.73% 6.47% Yield on Loans 4.57% 3.49% Yield on Loans 10.86% 10.11% Cost of Deposits -4.14% -3.64% Cost of Deposits -0.30% -0.14% Peru 6.46% 5.69% Yield on Loans 7.84% 6.56% (1) Foreign currency. Note: USA ex NY Business Activity. Cost of Deposits -1.38% -0.87%3Q20 Results 36 th October 30 2020 Customer spreads: YTD evolution YTD AVERAGE 9M19 9M20 9M19 9M20 Spain 1.99% 1.92% Turkey TL 3.12% 6.88% Yield on Loans 2.05% 1.94% Yield on Loans 18.89% 13.24% Cost of Deposits -0.06% -0.01% Cost of Deposits -15.77% -6.36% 1 USA 4.06% 3.65% Turkey FC 5.14% 5.01% Yield on Loans 7.27% 5.50% Yield on Loans 5.00% 4.14% Cost of Deposits -0.94% -0.49% Cost of Deposits -2.13% -0.49% Mexico MXN 11.73% 10.82% Argentina 16.17% 19.14% Yield on Loans 14.52% 12.92% Yield on Loans 29.06% 27.22% Cost of Deposits -2.79% -2.10% Cost of Deposits -12.88% -8.08% 1 Mexico FC 4.27% 3.35% Colombia 6.73% 6.47% Yield on Loans 4.57% 3.49% Yield on Loans 10.86% 10.11% Cost of Deposits -4.14% -3.64% Cost of Deposits -0.30% -0.14% Peru 6.46% 5.69% Yield on Loans 7.84% 6.56% (1) Foreign currency. Note: USA ex NY Business Activity. Cost of Deposits -1.38% -0.87%

05 Outstanding loan commitments to non-financial corporations05 Outstanding loan commitments to non-financial corporations

3Q20 Results 38 th October 30 2020 Outstanding loan commitments to non-financial corporations BREAKDOWN BY BUSINESS AREAS (SEP-20) € bn 1 USA 26.1 Spain 19.6 Eurasia 16.6 Turkey 2.3 Mexico 2.3 South America 1.7 Total Group 68.5 (1) USA includes € 15.4 billion of loan commitments in the NY branch.3Q20 Results 38 th October 30 2020 Outstanding loan commitments to non-financial corporations BREAKDOWN BY BUSINESS AREAS (SEP-20) € bn 1 USA 26.1 Spain 19.6 Eurasia 16.6 Turkey 2.3 Mexico 2.3 South America 1.7 Total Group 68.5 (1) USA includes € 15.4 billion of loan commitments in the NY branch.

06 Stages breakdown by business areas06 Stages breakdown by business areas

3Q20 Results 40 th October 30 2020 Stages breakdown by business area CREDIT RISK BREAKDOWN BY BUSINESS AREA (SEP-20, €M) Gross Accumulated Gross Accumulated Gross Accumulated BBVA GROUP SPAIN USA Exposure impairments Exposure impairments Exposure impairments 3 66,943 2 ,778 1 71,184 880 5 3,685 4 13 Stage 1 Stage 1 Stage 1 3 9,685 2 ,794 1 4,308 7 30 1 0,405 5 02 Stage 2 Stage 2 Stage 2 1 6,241 8, 287 8, 380 4 ,054 1 ,264 2 80 Stage 3 Stage 3 Stage 3 Gross Accumulated Gross Accumulated SOUTH Gross Accumulated MEXICO TURKEY Exposure impairments Exposure impairments AMERICA Exposure impairments 4 7,211 8 20 3 9,542 2 29 3 3,413 3 93 Stage 1 Stage 1 Stage 1 3 ,747 5 02 4 ,567 5 58 5 ,013 4 44 Stage 2 Stage 2 Stage 2 1 ,196 7 12 3 ,378 1 ,980 1 ,746 1 ,082 Stage 3 Stage 3 Stage 3 Gross Accumulated Gross Accumulated Gross Accumulated COLOMBIA PERU ARGENTINA Exposure impairments Exposure impairments Exposure impairments 1 0,000 1 40 1 6,924 1 68 2 ,551 4 7 Stage 1 Stage 1 Stage 1 1 ,434 1 82 2 ,844 2 01 3 63 4 0 Stage 2 Stage 2 Stage 2 6 10 3 96 8 99 5 49 5 8 3 7 Stage 3 Stage 3 Stage 33Q20 Results 40 th October 30 2020 Stages breakdown by business area CREDIT RISK BREAKDOWN BY BUSINESS AREA (SEP-20, €M) Gross Accumulated Gross Accumulated Gross Accumulated BBVA GROUP SPAIN USA Exposure impairments Exposure impairments Exposure impairments 3 66,943 2 ,778 1 71,184 880 5 3,685 4 13 Stage 1 Stage 1 Stage 1 3 9,685 2 ,794 1 4,308 7 30 1 0,405 5 02 Stage 2 Stage 2 Stage 2 1 6,241 8, 287 8, 380 4 ,054 1 ,264 2 80 Stage 3 Stage 3 Stage 3 Gross Accumulated Gross Accumulated SOUTH Gross Accumulated MEXICO TURKEY Exposure impairments Exposure impairments AMERICA Exposure impairments 4 7,211 8 20 3 9,542 2 29 3 3,413 3 93 Stage 1 Stage 1 Stage 1 3 ,747 5 02 4 ,567 5 58 5 ,013 4 44 Stage 2 Stage 2 Stage 2 1 ,196 7 12 3 ,378 1 ,980 1 ,746 1 ,082 Stage 3 Stage 3 Stage 3 Gross Accumulated Gross Accumulated Gross Accumulated COLOMBIA PERU ARGENTINA Exposure impairments Exposure impairments Exposure impairments 1 0,000 1 40 1 6,924 1 68 2 ,551 4 7 Stage 1 Stage 1 Stage 1 1 ,434 1 82 2 ,844 2 01 3 63 4 0 Stage 2 Stage 2 Stage 2 6 10 3 96 8 99 5 49 5 8 3 7 Stage 3 Stage 3 Stage 3

07 EAD to most vulnerable sectors in the current environment07 EAD to most vulnerable sectors in the current environment

3Q20 Results 42 th October 30 2020 Exposure at default to most vulnerable sectors in the current environment BREAKDOWN BY SECTORS (SEP-20) bn € 1 Leisure 11.25 Developer Real Estate 6.22 Retailers non food 5.46 2, 3 Upstream & Oilfield services 4.18 Air & Marine transportation 2.35 Total EAD to the most vulnerable sectors 29.46 as a % of total EAD 6.81% (1) Includes Hotels, Restaurants, Travel Agencies and Gaming, among others (2) Of which, €2.4 bn in USA and €0.1 bn in Mexico. (3) From a total of €13.0 bn EAD to the Oil & Gas sector.3Q20 Results 42 th October 30 2020 Exposure at default to most vulnerable sectors in the current environment BREAKDOWN BY SECTORS (SEP-20) bn € 1 Leisure 11.25 Developer Real Estate 6.22 Retailers non food 5.46 2, 3 Upstream & Oilfield services 4.18 Air & Marine transportation 2.35 Total EAD to the most vulnerable sectors 29.46 as a % of total EAD 6.81% (1) Includes Hotels, Restaurants, Travel Agencies and Gaming, among others (2) Of which, €2.4 bn in USA and €0.1 bn in Mexico. (3) From a total of €13.0 bn EAD to the Oil & Gas sector.

08 Outstanding loan deferrals & loans backed by State guarantees08 Outstanding loan deferrals & loans backed by State guarantees

3Q20 Results 44 th October 30 2020 Prudent deferrals’ classification and proactive provisioning Expired deferrals by stages TOTAL DEFERRALS GRANTED o/w expired (January-Sepember 20) as a % of total loans €BN % of total loans % Stage 1 Stage 2 Stage 3 Total Group 35.6 62% 4.00% 1.30% 0.20% 8.90% By segment Mortgages 12.4 12.0% 62% 5.9% 1.3% 0.3% Consumer & credit cards 9.4 14.3% 76% 7.8% 2.6% 0.3% SMEs & corporates 13.9 6.0% 52% 2.0% 1.0% 0.1% By country Spain 5.7 2.7% 21% 0.4% 0.1% 0.0% México 12.0 23.7% 71% 13.3% 2.9% 0.5% Turkey 4.2 10.5% 49% 3.6% 1.6% 0.0% USA 5.9 11.4% 85% 5.7% 3.6% 0.4% Peru 4.0 20.4% 91% 14.1% 3.9% 0.7% Colombia 3.4 29.3% 34% 7.1% 2.2% 0.5% Argentina 0.4 14.2% 74% 7.0% 3.5% 0.1% Data according to EBA criteria, excluding loans that have been cancelled. COVERAGE ABOVE PEERS 1 NPL COVERAGE RATIO (BBVA AS OF SEP-20, PEERS AVERAGE AS OF JUN-20) GROUP 85% vs 63% European Peers Avg SPAIN 68% vs 54% Spanish Peers Avg TURKEY 82% vs 63% Turkish Private Peers Avg (1) European peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS. Spanish peer group: CABK ex-BPI, SAB ex-TSB, BKIA, SAN Spain. Turkish peer Group: AKBNK, ISCTR, YKBNK.3Q20 Results 44 th October 30 2020 Prudent deferrals’ classification and proactive provisioning Expired deferrals by stages TOTAL DEFERRALS GRANTED o/w expired (January-Sepember 20) as a % of total loans €BN % of total loans % Stage 1 Stage 2 Stage 3 Total Group 35.6 62% 4.00% 1.30% 0.20% 8.90% By segment Mortgages 12.4 12.0% 62% 5.9% 1.3% 0.3% Consumer & credit cards 9.4 14.3% 76% 7.8% 2.6% 0.3% SMEs & corporates 13.9 6.0% 52% 2.0% 1.0% 0.1% By country Spain 5.7 2.7% 21% 0.4% 0.1% 0.0% México 12.0 23.7% 71% 13.3% 2.9% 0.5% Turkey 4.2 10.5% 49% 3.6% 1.6% 0.0% USA 5.9 11.4% 85% 5.7% 3.6% 0.4% Peru 4.0 20.4% 91% 14.1% 3.9% 0.7% Colombia 3.4 29.3% 34% 7.1% 2.2% 0.5% Argentina 0.4 14.2% 74% 7.0% 3.5% 0.1% Data according to EBA criteria, excluding loans that have been cancelled. COVERAGE ABOVE PEERS 1 NPL COVERAGE RATIO (BBVA AS OF SEP-20, PEERS AVERAGE AS OF JUN-20) GROUP 85% vs 63% European Peers Avg SPAIN 68% vs 54% Spanish Peers Avg TURKEY 82% vs 63% Turkish Private Peers Avg (1) European peer group: BARC, BNPP, CASA, CS, CMZ, DB, HSBC, ISP, LBG, RBS, SAN, SG, UBS. Spanish peer group: CABK ex-BPI, SAB ex-TSB, BKIA, SAN Spain. Turkish peer Group: AKBNK, ISCTR, YKBNK.

3Q20 Results 45 th October 30 2020 Outstanding loan deferrals OUTSTANDING DEFERRALS MATURITY PROFILE (SEP-20) OUTSTANDING AMOUNT (SEP-20, € BN) TOTAL BBVA GROUP (€13.7 bn) €Bn % of loans 9.4 3.4% Total Group 13.7 2.5 0.9 Spain 4.4 2.1% 1.6 Mexico 3.5 7.0% 3.1 3.5 0.3 USA 0.9 1.7% 1.2 2.8 0.1 0.3 Turkey 2.1 5.3% 0.9 0.8 4Q20 1Q21 >2Q21 Peru 0.3 1.8% Colombia 2.3 19.5% South America Spain USA Mexico Turkey Argentina 0.1 3.6% Note: data breakdown under EBA criteria.3Q20 Results 45 th October 30 2020 Outstanding loan deferrals OUTSTANDING DEFERRALS MATURITY PROFILE (SEP-20) OUTSTANDING AMOUNT (SEP-20, € BN) TOTAL BBVA GROUP (€13.7 bn) €Bn % of loans 9.4 3.4% Total Group 13.7 2.5 0.9 Spain 4.4 2.1% 1.6 Mexico 3.5 7.0% 3.1 3.5 0.3 USA 0.9 1.7% 1.2 2.8 0.1 0.3 Turkey 2.1 5.3% 0.9 0.8 4Q20 1Q21 >2Q21 Peru 0.3 1.8% Colombia 2.3 19.5% South America Spain USA Mexico Turkey Argentina 0.1 3.6% Note: data breakdown under EBA criteria.

3Q20 Results 46 th October 30 2020 Government backed loans (data in € bn) GROUP SPAIN MEXICO USA TURKEY ARGENTINA COLOMBIA PERU Loans Loans Loans Loans Loans Loans Loans Loans Weight Weight Weight Weight Weight Weight Weight Weight Households 1.2 0.7% 0.8 0.8% 0.0 0.0% 0.0 0.0% 0.0 0.0% 0.1 6.0% 0.0 0.2% 0.3 4.6% Corporates & SMEs 16.6 9.5% 9.8 12.0% 0.0 0.0% 2.6 8.9% 0.8 3.5% 0.0 1.5% 0.1 4.7% 3.1 29.6% Other 0.1 0.1% 0.0 0.0% 0.0 0.0% 0.1 2.9% 0.0 0.0% 0.0 0.0% 0.0 0.1% 0.0 0.0% Total Outstanding 17.8 4.5% 10.7 5.1% 0.0 0.0% 2.7 5.2% 0.8 1.9% 0.1 3.5% 0.2 1.4% 3.4 17.3% Note: data breakdown under EBA criteria as of September 30th. (1) Excludes undrawn commitments. (2) Includes mainly Spain, Eurasia and the NY branch. If we also consider undrawn credit lines, BBVA Spain has granted a total of 16.1 billion € ICO loans as of September 30th (of which 10.7 billion € is the outstanding drawn amount). (3) Compass bank. (4) Garanti bank-only. 3Q20 Results 46 th October 30 2020 Government backed loans (data in € bn) GROUP SPAIN MEXICO USA TURKEY ARGENTINA COLOMBIA PERU Loans Loans Loans Loans Loans Loans Loans Loans Weight Weight Weight Weight Weight Weight Weight Weight Households 1.2 0.7% 0.8 0.8% 0.0 0.0% 0.0 0.0% 0.0 0.0% 0.1 6.0% 0.0 0.2% 0.3 4.6% Corporates & SMEs 16.6 9.5% 9.8 12.0% 0.0 0.0% 2.6 8.9% 0.8 3.5% 0.0 1.5% 0.1 4.7% 3.1 29.6% Other 0.1 0.1% 0.0 0.0% 0.0 0.0% 0.1 2.9% 0.0 0.0% 0.0 0.0% 0.0 0.1% 0.0 0.0% Total Outstanding 17.8 4.5% 10.7 5.1% 0.0 0.0% 2.7 5.2% 0.8 1.9% 0.1 3.5% 0.2 1.4% 3.4 17.3% Note: data breakdown under EBA criteria as of September 30th. (1) Excludes undrawn commitments. (2) Includes mainly Spain, Eurasia and the NY branch. If we also consider undrawn credit lines, BBVA Spain has granted a total of 16.1 billion € ICO loans as of September 30th (of which 10.7 billion € is the outstanding drawn amount). (3) Compass bank. (4) Garanti bank-only.

09 ALCO Portfolio, NII Sensitivity and LCRs & NSFRs09 ALCO Portfolio, NII Sensitivity and LCRs & NSFRs

3Q20 Results 48 th October 30 2020 ALCO portfolio ALCO PORTFOLIO BREAKDOWN BY REGION (€ BN) Amort Cost Fair Value 56.9 55.2 51.6 (HTC) (HTC&S) 3.9 3.8 September 2020 (€BN) (€BN) (Duration) South America 3.3 7.1 7.9 South America 0.1 3.8 1.0 years 4.9 Mexico 7.1 8.0 Mexico 2.3 5.7 2.3 years 8.6 Turkey Turkey 3.8 3.3 3.6 years 12.8 12.3 USA 12.2 USA 7.7 5.0 1.6 years Euro 15.1 10.1 3.3 years Spain 11.3 3.8 25.2 24.0 22.6 1 Euro Italy 3.7 2.2 Rest 0.1 4.2 Jun-20 Sep-20 Sep-19 (1) Figures excludes SAREB senior bonds (€4.6bn as of Sep-19, and €4.5bn for Jun-20 and Sep-20) and High Quality Liquid Assets portfolios (€11.7bn as of Sep-19, €19.6bn as of Jun-20 and €20.2bn as of Sep-20) . 2 EURO ALCO PORTFOLIO MATURITY PROFILE EURO ALCO YIELD HQLA PORTFOLIO (€ BN) (SEP-20, %) (SEP-20, €) 21.4 20.2bn 3.1 1.1% 0.5 0.3 (2) Note: HQLA – High Quality Liquid Assets 2020 2021 2022 >=20233Q20 Results 48 th October 30 2020 ALCO portfolio ALCO PORTFOLIO BREAKDOWN BY REGION (€ BN) Amort Cost Fair Value 56.9 55.2 51.6 (HTC) (HTC&S) 3.9 3.8 September 2020 (€BN) (€BN) (Duration) South America 3.3 7.1 7.9 South America 0.1 3.8 1.0 years 4.9 Mexico 7.1 8.0 Mexico 2.3 5.7 2.3 years 8.6 Turkey Turkey 3.8 3.3 3.6 years 12.8 12.3 USA 12.2 USA 7.7 5.0 1.6 years Euro 15.1 10.1 3.3 years Spain 11.3 3.8 25.2 24.0 22.6 1 Euro Italy 3.7 2.2 Rest 0.1 4.2 Jun-20 Sep-20 Sep-19 (1) Figures excludes SAREB senior bonds (€4.6bn as of Sep-19, and €4.5bn for Jun-20 and Sep-20) and High Quality Liquid Assets portfolios (€11.7bn as of Sep-19, €19.6bn as of Jun-20 and €20.2bn as of Sep-20) . 2 EURO ALCO PORTFOLIO MATURITY PROFILE EURO ALCO YIELD HQLA PORTFOLIO (€ BN) (SEP-20, %) (SEP-20, €) 21.4 20.2bn 3.1 1.1% 0.5 0.3 (2) Note: HQLA – High Quality Liquid Assets 2020 2021 2022 >=2023

3Q20 Results 49 th October 30 2020 NII sensitivity to interest rates movements ESTIMATED IMPACT ON NII IN THE NEXT 12 MONTHS TO PARALLEL INTEREST RATE MOVEMENTS (%) NII SENSITIVITY TO +100 BPS NII SENSITIVITY TO -100BPS 0% 20% 15% -5% 10% -10% -15% 5% 0% -20% Euro USA Mexico Euro USA Mexico Note: NII sensitivities calculated using our dynamic internal model with balance sheets as of August 2020. Euro NII sensitivity to upward rates includes management levers regarding deposit cost and movements from demand deposits to time deposits. Euro NII sensitivity to downward rates according to the EBA’s “parallel-down” shock scenario. Mexico NII sensitivity to downward rates also includes pricing management levers (MXN sensitivity -1.3%; USD sensitivity -0.2%).3Q20 Results 49 th October 30 2020 NII sensitivity to interest rates movements ESTIMATED IMPACT ON NII IN THE NEXT 12 MONTHS TO PARALLEL INTEREST RATE MOVEMENTS (%) NII SENSITIVITY TO +100 BPS NII SENSITIVITY TO -100BPS 0% 20% 15% -5% 10% -10% -15% 5% 0% -20% Euro USA Mexico Euro USA Mexico Note: NII sensitivities calculated using our dynamic internal model with balance sheets as of August 2020. Euro NII sensitivity to upward rates includes management levers regarding deposit cost and movements from demand deposits to time deposits. Euro NII sensitivity to downward rates according to the EBA’s “parallel-down” shock scenario. Mexico NII sensitivity to downward rates also includes pricing management levers (MXN sensitivity -1.3%; USD sensitivity -0.2%).

3Q20 Results 50 th October 30 2020 Liquidity and funding ratios BBVA GROUP AND SUBSIDIARIES LCR & NSFR (SEP-2020) BBVA GROUP Euro USA Mexico Turkey S. America 2 1 LCR 198% 144% 191% 164% All countries >100% 159% (196% ) NSFR 120% 124% 136% 144% All countries >100% 127% (1) LCR of 159% does not consider the excess liquidity of the subsidiaries outside the Eurozone. If these liquid assets are considered the ratio would reach 196%. (2) BBVA USA LCR calculated according to local regulation (Fed Modified LCR). Both LCR and NSFR significantly above the 100% requirements at a Group level and in all banking subsidiaries3Q20 Results 50 th October 30 2020 Liquidity and funding ratios BBVA GROUP AND SUBSIDIARIES LCR & NSFR (SEP-2020) BBVA GROUP Euro USA Mexico Turkey S. America 2 1 LCR 198% 144% 191% 164% All countries >100% 159% (196% ) NSFR 120% 124% 136% 144% All countries >100% 127% (1) LCR of 159% does not consider the excess liquidity of the subsidiaries outside the Eurozone. If these liquid assets are considered the ratio would reach 196%. (2) BBVA USA LCR calculated according to local regulation (Fed Modified LCR). Both LCR and NSFR significantly above the 100% requirements at a Group level and in all banking subsidiaries

10 CET1 sensitivity to market impacts10 CET1 sensitivity to market impacts

3Q20 Results 52 th October 30 2020 1 CET1 Sensitivity to Market impacts TO A 10% DECLINE IN THE PRICE OF TELEFONICA SHARE PRICE (SEP-20) TO A 10% CURRENCY DEPRECIATION (SEP-20) - 1.9bps MXN -4bps TRY -3.6bps TO +100 BPS MOVEMENT IN THE SPANISH SOVEREIGN BOND USD +9bps (SEP-20) - 15bps (1) CET1 sensitivity considering the FL capital ratio as of September 30.3Q20 Results 52 th October 30 2020 1 CET1 Sensitivity to Market impacts TO A 10% DECLINE IN THE PRICE OF TELEFONICA SHARE PRICE (SEP-20) TO A 10% CURRENCY DEPRECIATION (SEP-20) - 1.9bps MXN -4bps TRY -3.6bps TO +100 BPS MOVEMENT IN THE SPANISH SOVEREIGN BOND USD +9bps (SEP-20) - 15bps (1) CET1 sensitivity considering the FL capital ratio as of September 30.

11 CET1 YTD & RWAs by business area11 CET1 YTD & RWAs by business area

3Q20 Results 54 th October 30 2020 Capital YTD Evolution CET1 FULLY-LOADED – BBVA GROUP YTD EVOLUTION (%, BPS) -22 bps 56 bps 11.74% -8 bps 11.52% -42 bps -28 bps 1 Dec-19 Net AT1 FX and Others Sep-20 Earnings coupons HTC&S (1) Includes mainly RWAs evolution in constant euros.3Q20 Results 54 th October 30 2020 Capital YTD Evolution CET1 FULLY-LOADED – BBVA GROUP YTD EVOLUTION (%, BPS) -22 bps 56 bps 11.74% -8 bps 11.52% -42 bps -28 bps 1 Dec-19 Net AT1 FX and Others Sep-20 Earnings coupons HTC&S (1) Includes mainly RWAs evolution in constant euros.

3Q20 Results 55 th October 30 2020 Risk-Weighted Assets by business areas Fully-Loaded RWAs Breakdown by business area (€m) Sep-20 Jun-20 Sep-19 Spain 107,046 109,625 105,856 USA 63,021 66,889 65,902 Turkey 50,131 57,190 58,521 Mexico 53,443 54,947 57,454 South America 40,087 44,015 45,284 Argentina 5,987 6,354 6,070 Chile 2,141 1,737 2,248 Colombia 12,080 13,499 14,051 Peru 16,439 18,735 19,130 Others 3,440 3,691 3,784 Rest of Eurasia 18,855 20,247 17,622 Corporate Center 11,637 9,475 18,052 BBVA Group 344,220 362,388 368,6903Q20 Results 55 th October 30 2020 Risk-Weighted Assets by business areas Fully-Loaded RWAs Breakdown by business area (€m) Sep-20 Jun-20 Sep-19 Spain 107,046 109,625 105,856 USA 63,021 66,889 65,902 Turkey 50,131 57,190 58,521 Mexico 53,443 54,947 57,454 South America 40,087 44,015 45,284 Argentina 5,987 6,354 6,070 Chile 2,141 1,737 2,248 Colombia 12,080 13,499 14,051 Peru 16,439 18,735 19,130 Others 3,440 3,691 3,784 Rest of Eurasia 18,855 20,247 17,622 Corporate Center 11,637 9,475 18,052 BBVA Group 344,220 362,388 368,690

12 Book Value of the main subsidiaries12 Book Value of the main subsidiaries

3Q20 Results 57 th October 30 2020 1,2 Book Value of the main subsidiaries € BN, SEP-20 Mexico 9.9 USA 7.8 Turkey 3.6 Colombia 1.2 Perú 1.1 Argentina 0.9 Chile 0.3 Venezuela 0.1 (1) Includes the initial investment + BBVA’s undistributed results + FX impact + other valuation adjustments. The Goodwill associate to each subsidiary has been deducted from its Book Value. (2) Turkey includes the Garanti Group.3Q20 Results 57 th October 30 2020 1,2 Book Value of the main subsidiaries € BN, SEP-20 Mexico 9.9 USA 7.8 Turkey 3.6 Colombia 1.2 Perú 1.1 Argentina 0.9 Chile 0.3 Venezuela 0.1 (1) Includes the initial investment + BBVA’s undistributed results + FX impact + other valuation adjustments. The Goodwill associate to each subsidiary has been deducted from its Book Value. (2) Turkey includes the Garanti Group.

13 TBV per share and dividends evolution13 TBV per share and dividends evolution

3Q20 Results 59 th October 30 2020 Shareholders’ return: TBV per share and dividends TBV PER SHARE & DIVIDENDS (€ PER SHARE) -3.9% 6.37 6.35 6.13 6.10 6.04 0.26 0.10 0.26 DIVIDENDS 0.26 6.27 TBV/SHARE 5.87 5.84 5.78 Sep-19 Dec-19 Mar-20 Jun-20 Sep-203Q20 Results 59 th October 30 2020 Shareholders’ return: TBV per share and dividends TBV PER SHARE & DIVIDENDS (€ PER SHARE) -3.9% 6.37 6.35 6.13 6.10 6.04 0.26 0.10 0.26 DIVIDENDS 0.26 6.27 TBV/SHARE 5.87 5.84 5.78 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20

14 Garanti BBVA: wholesale funding14 Garanti BBVA: wholesale funding

3Q20 Results 61 th October 30 2020 Turkey – Liquidity & funding sources Solid liquidity position: • Total LTD ratio is at 96%, decreasing by 6.1 pp in 3Q20, due to significant growth in FC deposit (+8.7%). • Foreign currency loans decreased by USD 0.3 bn to c. USD 12.6 bn in 3Q20. • Liquidity ratios above requirements: Liquidity Coverage Ratio (EBA) of 164% vs ≥100% required in 3Q20. Limited external wholesale funding needs: USD 8.5 bn. 2 FC liquidity buffers External wholesale funding maturities (USD bn) 5.6 Total 12M: USD 2.9 bn Short Term Swaps Unencumbered FC securities 1.2 1.3 1 FC Reserves under ROM 0.2 0.1 4Q20 1Q21 2Q21 3Q21 >3Q21 Money Market Placements 3 Covered Bond Subdebt Syndicated loans Securitization Senior Other c. USD 11.3 bn liquidity buffer USD 8.5 bn total maturities Note-1: All figures are Bank-only, as of Sep 2020. (2) Includes TRY covered bonds and excludes on balance sheet IRS transactions. Note-2: Total Liquidity Buffer (FC and TRY) is at c. USD 9.1 bn. (3) Other includes mainly bilateral loans, secured finance and other ST funding. (1) ROM: Reserve Option Mechanism. Ample liquidity buffers and limited wholesale funding maturities in the next 12 months3Q20 Results 61 th October 30 2020 Turkey – Liquidity & funding sources Solid liquidity position: • Total LTD ratio is at 96%, decreasing by 6.1 pp in 3Q20, due to significant growth in FC deposit (+8.7%). • Foreign currency loans decreased by USD 0.3 bn to c. USD 12.6 bn in 3Q20. • Liquidity ratios above requirements: Liquidity Coverage Ratio (EBA) of 164% vs ≥100% required in 3Q20. Limited external wholesale funding needs: USD 8.5 bn. 2 FC liquidity buffers External wholesale funding maturities (USD bn) 5.6 Total 12M: USD 2.9 bn Short Term Swaps Unencumbered FC securities 1.2 1.3 1 FC Reserves under ROM 0.2 0.1 4Q20 1Q21 2Q21 3Q21 >3Q21 Money Market Placements 3 Covered Bond Subdebt Syndicated loans Securitization Senior Other c. USD 11.3 bn liquidity buffer USD 8.5 bn total maturities Note-1: All figures are Bank-only, as of Sep 2020. (2) Includes TRY covered bonds and excludes on balance sheet IRS transactions. Note-2: Total Liquidity Buffer (FC and TRY) is at c. USD 9.1 bn. (3) Other includes mainly bilateral loans, secured finance and other ST funding. (1) ROM: Reserve Option Mechanism. Ample liquidity buffers and limited wholesale funding maturities in the next 12 months

15 Argentina: hyperinflation adjustment15 Argentina: hyperinflation adjustment

3Q20 Results 63 th October 30 2020 Argentina hyperinflation adjustment 9M20 9M20 Profit & Loss Hyperinflation adjustment (€m) (reported) Ex. Hyperinflation Net Interest Income 612 52 560 Net Fees and Commissions 101 6 95 Net Trading Income 69 5 64 Other Income & Expenses -217 -170 -47 Gross Income 565 -107 672 Operating Expenses -310 -41 -269 Operating Income 255 -148 403 Impairment on Financial Assets (net) -53 -10 -43 Provisions (net) and other gains (losses) -11 -1 -10 Income Before Tax 191 -159 350 Income Tax -70 36 -106 Non Controlling Interest -37 42 -79 Net Attributable Profit 84 -82 1663Q20 Results 63 th October 30 2020 Argentina hyperinflation adjustment 9M20 9M20 Profit & Loss Hyperinflation adjustment (€m) (reported) Ex. Hyperinflation Net Interest Income 612 52 560 Net Fees and Commissions 101 6 95 Net Trading Income 69 5 64 Other Income & Expenses -217 -170 -47 Gross Income 565 -107 672 Operating Expenses -310 -41 -269 Operating Income 255 -148 403 Impairment on Financial Assets (net) -53 -10 -43 Provisions (net) and other gains (losses) -11 -1 -10 Income Before Tax 191 -159 350 Income Tax -70 36 -106 Non Controlling Interest -37 42 -79 Net Attributable Profit 84 -82 166

16 Digital sales breakdown16 Digital sales breakdown

3Q20 Results 65 th October 30 2020 Outstanding trend in digital sales 1 (% OF TOTAL SALES YTD, # OF TRANSACTIONS AND PRV ) UNITS PRV GROUP SPAIN USA 63.6 57.9 57.6 50.0 51.7 36.4 44.0 UNITS 27.3 47.9 24.7 41.9 44.6 36.3 42.4 PRV 33.4 31.6 24.2 22.6 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 MEXICO TURKEY SOUTH AMERICA 61.8 81.1 79.6 72.6 77.3 54.8 64.4 58.2 42.3 51.6 43.2 44.2 54.7 53.3 49.2 27.9 17.9 28.1 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 Group and South America figures exclude Venezuela, Chile and Paraguay. (1) Product Relative Value as a proxy of lifetime economic representation of units sold.3Q20 Results 65 th October 30 2020 Outstanding trend in digital sales 1 (% OF TOTAL SALES YTD, # OF TRANSACTIONS AND PRV ) UNITS PRV GROUP SPAIN USA 63.6 57.9 57.6 50.0 51.7 36.4 44.0 UNITS 27.3 47.9 24.7 41.9 44.6 36.3 42.4 PRV 33.4 31.6 24.2 22.6 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 MEXICO TURKEY SOUTH AMERICA 61.8 81.1 79.6 72.6 77.3 54.8 64.4 58.2 42.3 51.6 43.2 44.2 54.7 53.3 49.2 27.9 17.9 28.1 Sep-18 Sep-19 Sep-20 Sep-18 Sep-19 Sep-20 Group and South America figures exclude Venezuela, Chile and Paraguay. (1) Product Relative Value as a proxy of lifetime economic representation of units sold.