Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 299

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 299
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 Draghi and Letta reports. The initiative places particular emphasis on the need to alleviate the regulatory and administrative burden placed on companies, through the simplification of rules and laws as a strategic means of boosting economic growth and operating efficiency. In line with this approach, on 26 February 2025 the European Commission adopted the legislative proposal known as ‘Omnibus’, which aims to simplify existing legislation in the field of sustainability, reduce reporting burdens and boost the competitiveness of European companies. The European Commission is also spearheading the Savings and Investment Union (SIU) initiative, which aims to create better financial opportunities for citizens by more efficiently connecting savings and productive investments. As a first step in the legislation required by this initiative, a package of measures aimed at revitalising the securitisations market was unveiled on 17 June 2025. This package includes amendments to the securitisation regulation, adjustments to the prudential treatment, and changes to the Liquidity Coverage Ratio (LCR) Delegated Regulation. A-22

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. 4.2 Credit risk 4.2.1 Credit risk exposure The table below shows the distribution, by headings of the condensed consolidated balance sheet and off-balance sheet exposures, of the Group’s maximum gross credit risk exposure as at 30 June 2025 and 31 December 2024, without deducting collateral or credit enhancements received in order to ensure the fulfilment of payment obligations, broken down by portfolios and in accordance with the nature of the financial instruments:

| Thousand euro                                                     |     |      |    |     |            |             |     |            |             |
| Maximum gross credit risk exposure                                |     | Note |    |     | 30/06/2025 |             |     | 31/12/2024 |             |
| Financial assets held for trading                                 |     |      |    |     |            |   1,786,470 |     |            |   1,420,956 |
| Equity instruments                                                |     |      |    |     |            |      81,920 |     |            |     541,005 |
| Debt securities                                                   |     |      |  8 |     |            |   1,704,550 |     |            |     879,