Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 807

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 807
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| – | From a sectoral point of view, the loan portfolio is diversified, has limited exposure to the sectors most sensitive 
 to the current environment and follows a downward trend.                                                             |

| – | Similarly, in terms of individual concentration, the risk metrics relating to concentration of large exposures do                                                                                                                    
 show a slight upward trend but nevertheless remain within the appetite level. The credit ratings of top segments improve significantly as more recent balance sheets with a more diluted impact of the health crisis are introduced. |

| – | Geographically speaking, the portfolio is positioned in the most dynamic regions, both in Spain and worldwide. 
 International exposures account for 36% of the loan book.                                                      |

| IV. | Strong capital position: |

| – | The CET1 ratio improved by 33 basis points to 12.55% in fully-loaded terms as at 2022 
 year-end (compared to 12.22% as at 2021 year-end).                                    |

| – | The phase-in Total Capital ratio stood at 17.08% as at the end of 2022, thus                                               
 remaining above requirements with an MDA buffer of 399 basis points. The leverage ratio was 4.59% (in fully-loaded terms). |

| V. | Sound liquidity position: |

| – | The LCR stood at 234% (compared to 221% as at 2021 year-end) and the loan-to-deposit ratio was 96% at the end of 2022. |

A-609

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. 4.2.2 Strengthened credit risk management and control environment 2022 has been marked by the monitoring and control of the measures introduced to mitigate the effects of Covid-19,as well as high inflation and the effects of the war in Ukraine. To that end, particular attention has been paid to monitoring and controlling the measures introduced (mainly ICOs). RAS metrics have also been strengthened and exposure to the sectors most affected by the crisis has been assessed to mitigate its impact. In the case of individuals, the management and control framework has been reinforced, with changes in RAS metrics and with new origination rules and proposals for interest rate adjustments, effort rates and available income to cope with higher interest rates and the inflationary environment. Performance of