Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 118

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 118
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 -2.28 | %   |     | 6.08 | %            |     |          | 0.98 | %   |     | 10.05 | %            |
| 2028 |     |      | 0.51 | %   |     | 6.58 | %            |     |           | -2.72 | %   |     | 5.87 | %            |     |          | 1.40 | %   |     | 10.24 | %            |
| 2029 |     |      | 0.38 | %   |     | 6.61 | %            |     |           | -2.47 | %   |     | 5.35 | %            |     |          | 1.52 | %   |     | 10.50 | %            |
| 2030 |     |      | 0.43 | %   |     | 6.62 | %            |     |           | -2.34 | %   |     | 5.31 | %            |     |          | 1.63 | %   |     | 10.69 | %            |

Sensitivity to macroeconomic scenarios

A sensitivity exercise has been carried out on the expected losses due to variations in the key hypotheses as they are the ones that introduce the greatest uncertainty in estimating such losses. As a first step, GDP and the House Price Index have been identified as the most relevant variables. These variables have been subjected to shocks of +/- 100 bps in their entire window with impact on the macro models. Independent sensitivities have been assessed, under the assumption of assigning a 100% probability to each determined scenario with these independent shocks.

<div align='center'>F-30</div>

Variation in expected loss is determined both by re-staging (that is: in worse scenarios due to the recognition of lifetime credit losses for additional operations that are transferred to stage 2 from stage 1 where 12 months of losses are valued; or vice versa in improvement scenarios) as well as variations in the collective risk parameters (PD or probability of default and LGD or loss given default) of each financial instrument due to the changes defined in the macroeconomic forecasts of the scenario. The variation (with a positive amount indicating a provision and a negative amount indicating a reversal) in the expected loss for the Group and the main portfolios and geographical areas as of June 30, 202