Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 562

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 562
---
.1 The Group’s risk profile during the year The following milestones have been achieved in relation to the Group’s risk profile during 2023: I. Non-performingassets:

| – | During 2023, non-performing assets were reduced by -223 million euros. The NPL ratio for the year stands at 3.52%, |

II. Lending performance:

| – | Gross performing loans ended the year 2023 with a balance of 149,798 million euros, declining by 4.1% year-on-year. |

| – | In Spain, gross performing loans show a fall of 4.6%                     
 year-on-year, impacted by lower business and mortgage portfolio volumes. |

| – | In TSB, at constant exchange rates, gross performing loans show a fall of 
 -5.9% year-on-year, due to the reduced volume of the mortgage portfolio.  |

| – | In Mexico, at constant exchange rates, gross performing loans increased by 7.1% year-on-year. |

III. Concentration:

| – | From a sectoral point of view, the loan portfolio is diversified, has limited exposure to the sectors most sensitive 
 to the current environment.                                                                                          |

| – | Similarly, in terms of individual concentration, the metrics relating to concentration of large exposures show a                      
 slight downward trend and remain within the target level. The credit rating of the largest exposures has also improved over the year. |

| – | Geographically speaking, the portfolio is positioned in dynamic regions, both in Spain and worldwide. International 
 exposures account for 37% of the loan book.                                                                         |

IV. Strong capital position:

| – | The CET1 ratio improved by 64 basis points to 13.2% in fully-loaded terms as at 2023 
 year-end (compared to 12.55% as at 2022 year-end).                                   |

| – | The fully-loaded and phase-in Total Capital ratios stand at 17.76% as at the                                                                                
 end of 2023, thus remaining above the requirements for 2024 with an MDA buffer of 431 basis points. The fully-loaded and phase-in leverage ratio was 5.19%. |

V. Sound liquidity position:

| – | The Liquidity Coverage Ratio stands at 228% (compared with 234% at the end of 2022), with total liquid assets of 
 61,783 million euros.                                                                                            |

4.2.2 Strengthened