Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 109

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 109
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 profile and the risk factors identified; (iii) assessment of the impact of the materialization of risk factors on the metrics of the Risk Appetite Framework under different scenarios (including stress testing scenarios); (iv) dynamic management of unforeseen situations, including the remediation actions to be undertaken; all this ensuring that the information is reported in a transparent, complete and reliable manner. Infrastructure available to the Group for the effective management and oversight of risks and for the achievement of its objectives, most notably: employees, methodologies, models, technology systems and data governance. The Model is further developed through a set of general policies for the various types of financial and non-financialrisks that exist, which are approved by BBVA’s corporate bodies in accordance within the scope of their respective remits. For further information on the core elements of the General Risk Management and Control Model, see the section “General Risk Management and Control Model” within the chapter “Risk Management” of the individual and consolidated Management Reports for financial year 2024, of which this Annual Corporate Governance Report forms part by reference. Lastly, as regards the tax risk Control and Management System, please refer to Section 4.3 “Fiscal contribution and transparency” of the Annual Management Report for financial year 2024. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .112.. 13.3. Risk Appetite Framework (E.4) The BBVA Group’s Risk Appetite Framework approved by the corporate bodies determines the risks and risk level that the Group is willing to assume to achieve its objectives, considering the organic growth of the business. These are expressed in terms of solvency, liquidity and funding, profitability and recurrence of revenue, and non-financialrisks, which are reviewed not only periodically but also if there are any substantial changes in the business strategy or relevant corporate transactions. The Risk Appetite Framework is expressed through the following elements: The Group’s Risk Appetite Statement, which sets out the general principles of the Group’s risk strategy and its target risk profile. Key statements, reflecting the general risk management principles in terms of solvency, liquidity and funding, profitability and regular earnings, based on the Risk Appetite Statement. Core metrics, which describe, in quantitative terms, the principles and target risk profile set out in the Risk Appetite Statement. Each core metric has three thresholds (management benchmark, maximum appetite and maximum capacity), ranging from business