Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 21

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 21
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) and the Development Finance Corporation (COFIDE, for its acronym in Spanish) for the first tranche of a USD 100m social bond with a 5-year term and a SOFR+1.35% rate, which has already been paid out.

#### Foreign exchange
Foreign exchange risk management aims to reduce both the sensitivity of the capital ratios to currency movements, as well as the variability of profit attributed to currency movements.

The performance of the Group's main currencies was mixed during the first quarter of 2025. Due to its relevance for the Group, it is important to highlight the performance of the Mexican peso, which depreciated moderately by 2.3% against the euro in the quarter. In the case of the US dollar, it depreciated by 3.9% in the quarter due to the tariff measures, which have generated trade tensions with the country; however, it shows stability with respect to the same period of 2024. On the other hand, the Turkish lira suffered the most notable depreciation (10.5%). Likewise, the Peruvian sol and the Argentine peso depreciated against the euro (1.3% and 7.6%, respectively), while the Chilean and Colombian peso appreciated by 1.2% and 1.0%, respectively, against the euro.

| EXCHANGE RATES                                                                                                                                                                  |     |                         |     |               |     |                             |     |                             |     |                        |     |               |     |                             |
|                                                                                                                                                                                 |     | Year-end exchange rates |     |               |     |                             |     |                             |     | Average exchange rates |     |               |     |                             |
|                                                                                                                                                                                 |     |                         |     | Currency/Euro |     | ∆ % of the currency against |     | ∆ % of the currency against |     |                        |     | Currency/Euro |     | ∆ % of the currency against |
|                                                                                                                                                                                 |     |                         |     |      31-03-25 |     |                    31-03-24 |     |                    31-12-24 |     |                        |     |          1Q25 |     |                        1Q24 |
| U.S. dollar                                                                                                                                                                     |     |                         |     |        1.0815 |     |                           — |     |                        -3.9 |     |                        |     |        1.0523 |     |                         3.2 |
| Mexican peso