Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 280

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 280
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 Royal Decree-Law6/2022 of 29 March, who meet the requirements laid down in Article 32 of Royal Decree-Law6/2024 to request the suspension of principal and interest repayments. At a meeting of the Council of Ministers of 28 November 2024, an agreement was signed to open up a new tranche of the ICO-DANAline of guarantees for self-employed persons and SMEs for 240 million euros. Furthermore, a three-month statutory moratorium for households, self-employed professionals and businesses (with turnover of up to 6 million euros) on principal and interest repayments and an additional nine-month moratorium on principal repayments were put in place. The Group carried out a preliminary assessment of its exposure potentially affected by the event. To that end, the potentially affected perimeter was identified using the postcodes of the municipalities included in the scope of application of Royal Decree-Law6/2024 of 5 November, taking into account:

| • |     | Mortgage-backed exposures which, using the coordinates in which the main collateral was located, coincided with a 
 flooded location;                                                                                                 |

| • |     | Corporate exposures in which the company’s registered office, using the coordinates of the same, coincided with a 
 flooded location; or                                                                                              |

| • |     | Unsecured retail exposures which were part of a list of most affected municipalities compiled internally using the same 
 satellite information provided by Copernicus.                                                                           |

Based on these criteria, the Group’s exposure that met any of the aforementioned conditions stood at 396 million euros as at the date of the event, 30 October 2024. The Group has estimated DANA’s impact as at 2024 year-endon the accounting classification on the basis of credit risk and on the expected loss based A-57

on the updated exposure, reclassifying exposures as stage 2 or stage 3 in the amount of 255 million euros and 96 million euros, respectively, and applying an adjustment to the expected loss in the amount of 45 million euros (see Note 4.4.2.5 - Calculation of credit loss allowances). As at 31 December 2024, the Group had arranged 1,437 statutory moratoria for a total amount of 60 million euros, distributed between 828 transactions granted to households amounting to 34 million euros, 272 transactions granted to self-employed professionals amounting to 12 million euros, and 337 transactions granted to companies and businesses amount