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The Cenyt Case

Current situation – Cenyt case

We reiterate our firm commitment to clarifying the facts and complying with the law.

BBVA has been providing information related to this case since its inception.

The original lines of the forensic investigation have been completed, although other lines could be opened while the judicial investigation is underway. The information of said forensic has been proactively shared with authorities. The bank is not authorized to publicly disclose this information given the requirement of not interfering with the judicial investigation.

In this preliminary phase of the process, declaring a legal entity (BBVA) or any individual as an investigated party, does not imply in any way that a formal accusation for any crime has been made.

As of today, the case has had no direct impact on our business, investors or the stock performance. Additionally, the bank’s reputation has remained stable this year compared to the previous year.

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OCTOBER 31, 2019

“Our reputation has remained stable”

During 3Q19 earnings presentation, BBVA CEO Onur Genç said that reputation is not something easy to measure as it is an intangible asset. However, based on the RepTrak methodology the financial sector uses, “our reputation has remained stable” in 2019 compared to the previous year, he said.

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JULY 31, 2019

“As of today, this situation has had no direct impact on our business”

“During BBVA 2Q19 earnings presentation, BBVA CEO Onur Genç says that “as of today, this situation has had no direct impact on our business, investors or the stock performance.”

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JULY 29, 2019

“Our priority is to clarify the facts and cooperate with the authorities”

“The judge declares BBVA under investigation. BBVA chairman Carlos Torres Vila reiterates that the bank’s priority is to clarify the facts and cooperate with the authorities.

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