Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 382

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 382
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, extension of the mortgage term); the creation of a new framework of action for middle-class families at risk of vulnerability (new temporary Code of Good Practice, lasting two years, which entailed a 12-monthfreeze on repayments, a lower interest rate on the deferred principal and an extension of the term of up to seven years); and, lastly, the early repayment of loans and switching from a mortgage with a variable rate to one with a fixed rate was made easier through the temporary elimination and subsequent reduction of the penalty or fee charged for these items. Subsequently, on 27 December 2023, Royal Decree-Law8/2023 prolonging certain anti-crisis measures was adopted, which extended the duration of most of the measures adopted in 2022 and 2023. These measures also included a series of measures aimed at strengthening the financial inclusion of older and/or disabled persons, including the removal of fees charged for cash withdrawals at bank counters, and the preventive framework to provide relief to at-riskmortgage holders was extended. In the aftermath of the DANA emergency, Royal Decree-Law8/2023 was amended on 11 November 2024 by Royal Decree-Law7/2024, extending the Code of Good Practice by a further 12 months, and by a further 18 months for those affected by DANA. 4.2 Key milestones during the year 4.2.1 The Group’s risk profile during the year The following milestones have been achieved in relation to the Group’s risk profile during 2024: I. Non-performingassets:

| – | During 2024, non-performing assets were reduced by 1,068 million euros. 
 The NPL ratio for the year stands at 2.84% compared to 3.52% in 2023.   |

II. Lending performance:

| – | Gross performing loans granted to customers ended the year 2024 with a balance of 156,913 million euros, 
 increasing by 4.7% year-on-year.                                                                         |

| – | In Spain, gross performing loans in                                                                                                                                 
 year-on-year terms posted a 5.3% improvement, driven by the increase of lending to corporates and individuals, as well as the good performance of foreign branches. |

A-147

| – | In TSB, at a constant exchange rate, gross performing loans remained stable. |

| – | In Mexico, at a constant exchange rate, gross performing loans fell -