Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 107

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 4
Chunk 107
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.54                     13,519                       9.66                      4,547                      15.33                  413                 6.63         21,884
TOTAL AT AMORTIZED COST PORTFOLIO                                                    5,269                 7.74                     36,234                       5.08                     16,865                       5.10                  646                 5.12         59,014
TOTAL DEBT SECURITIES                                                               16,795                11.89                     58,355                       6.12                     30,555                       4.74               10,836                 4.25        116,540
(1)The weighted average yield for each range of maturity is calculated by dividing the annual interest income by the book value of the debt securities. Yields on tax-exempts obligations have not been computed on a tax-equivalent basis.
(2)Securities of other foreign governments mainly include investments made by our subsidiaries in securities issued by the governments of the countries where they operate.
Loans and Advances
Diversification in our loan portfolio is our principal means of reducing the risk of loan losses. We also carefully monitor our loans to borrowers in sectors or countries experiencing liquidity problems. Our exposure to our five largest borrowers as of December 31, 2024 excluding government-related loans amounted to €6,869 million or approximately 1.6% of our total outstanding loans and advances to customers. 
During the year ended December 31, 2024, the Group’s loan activity has been affected by geopolitical and other challenges and uncertainties globally. See “Item 5. Operating and Financial Review and Prospects―Operating Results―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Macroeconomic and geopolitical conditions” and Note 7.2 to the Consolidated Financial Statements for information on the impact of these challenges and uncertainties on our financial condition and results of operations.
Loans and Advances to Customers
As of December 31, 2024, our total loans and advances to customers amounted to €441,142 million, or 57.1% of total assets. Net of our loss allowances, total loans and advances to customers amounted to €429,532 million as of December 31, 2024, or 55.6% of our total assets, an increase from 50.6% of our total assets as of December 31, 2023. As of December