Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 130

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 130
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's risk governance model is characterised by the special involvement of its corporate bodies, both in establishing the risk strategy and in the continuous monitoring and supervision of its implementation. The corporate bodies approve both the risk strategy and the general policies for the different types of risk, and the Risk area is responsible, in the management area, for implementing and developing them in all matters relating to financial risks, reporting to the corporate bodies.

The Risk Appetite statement contained in the Group's Risk Appetite Framework sets out the general principles of the Group's Risk Strategy. It also includes a statement on market risk, which establishes that the BBVA Group's market activity is mainly focused on obtaining recurring income from stable activity with customers and taking advantage of market opportunities arising from the management of books arising from customer transactions. Market risk management is aimed at achieving an adequate return on capital, maintaining a risk profile appropriate to the type of business conducted in each geographical area.

| PILLAR 3 2024 |     | 4. RISK |     | P.167 |

4.3.2. Differences in the trading book under accounting and prudential regulation EU MRB EU a) According to the solvency regulations, trading book shall be made up of all the positions on financial instruments and commodities that the credit institution holds for the purpose of trading or that act as hedging for other elements in this portfolio. With respect to this portfolio, the rule also refers to the need to establish clearly defined policies and procedures. For this purpose, regulatory trading book defined by the Group includes the positions managed by the Group’s Trading units, for which market risk limits are set and then monitored daily. Moreover, they comply with the other requirements defined in the solvency regulations. In accounting, Financial assets are recorded under the heading “Financial assets held for trading” if the objective of the business model is to generate gains by buying and selling these financial instruments or to generate short-term results. 4.3.3. Standardised approach Article 445 CRR Market risk-weighted assets under the standardised approach (including structural exchange rate risk) account for 40% of total market risk-weighted assets. The amounts in terms of RWA and market risk capital requirements calculated by standardised approach as of December 31, 2024 and as of December 31, 2023 are below.

| Table 54.EU MR1 - Market risk under the standardised approach(Million Euros) |

|                       |     | 12-31-2024 |