Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 45
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 155,376 |     |      155,376 |            |     |   140,924 |     |      140,924 |
| Exposures in default                                                                                  |     |            |     |     6,788 |     |        6,788 |           |     |     7,440 |     |        7,440 |            |     |     4,528 |     |        4,528 |
| Other exposures (eg equity, securitisations, and other non-credit obligation assets)                  |     |            |     |    53,696 |     |       53,696 |           |     |    45,807 |     |       45,807 |            |     |    44,113 |     |       44,113 |

Regarding leverage management, this is included in the Capital Plan approved by the Board of Directors. The BBVA Group systematically follows the evolution of leverage levels and monitors their degree of adequacy with the regulatory requirements and internal objectives. The evolution of this ratio, as well as its evaluation with the different operational measures, are part of the monitoring and reporting that, at least quarterly, is reported to different committees and governing bodies. Additionally, the evolution of the ratio is evaluated, contrasting possible deviations from planning.

As part of the Internal Capital Adequacy Assessment Process (ICAAP), four-year leverage ratio estimates are calculated annually for different macroeconomic scenarios, including a stress scenario.

Within this management framework, the Group has established specific measures aimed at restoring its optimal leverage levels in the event of potential contingencies or unexpected elements that could affect compliance with them.

In line with the risk appetite framework and the structural risk management, the Group operates by establishing limits and operational measures that allow achieving sustainable evolution and growth of the Balance Sheet, always maintaining tolerable risk levels. Proof of this is the level of regulatory leverage itself, which is comfortably above the minimum requirements.

| PILLAR 3 2024 |     | 3. SOLVENCY |     | P.57 |

3.7. MREL

Article 45i (6) BRRD

EBA/ITS/2020/06

The Minimum Requirement for Own Funds and Eligible Liabilities, MREL, aims to ensure that institutions maintain a sufficient amount of equity and debt instruments available to absorb losses and, if necessary, convert into capital.

Institutions have the obligation to comply with the aforementioned requirement as a result of the