Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 60

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 60
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12-24 | 30-09-24 |
| Numerator(Millions of euros)      | NPLs                              |   14,335 |   14,839 |   15,327 |
| Denominator(Millions of euros)    | Credit Risk                       |  516,432 |  488,302 |  461,408 |
| =                                 | Non-Performing Loans (NPLs) ratio |     2.8% |     3.0% |     3.3% |

NPL coverage ratio This ratio reflects the degree to which the impairment of non-performing loans has been covered in the accounts via allowances. It is calculated as follows:

| Provisions           |
| Non-performing loans |

Explanation of the formula: it is calculated as "Provisions" from stage 1 + stage 2 + stage 3, divided by non-performing loans, formed by “credit risk” from stage 3.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - September 2025Report - p.67 |

This indicator is shown, as others, at a business area level. Relevance of its use: this is one of the main indicators used in the banking sector to monitor the situation and changes in the quality of credit risk, reflecting the degree to which the impairment of non-performing loans has been covered in the accounts via value adjustments.

| NPL COVERAGE RATIO             |                    |          |          |          |
|                                |                    | 30-09-25 | 31-12-24 | 30-09-24 |
| Numerator(Millions of euros)   | Provisions         |   11,970 |   11,905 |   11,457 |
| Denominator(Millions of euros) | NPLs               |   14,335 |   14,839 |   15,327 |
| =                              | NPL coverage ratio |      84% |      80% |      75% |

Cost of risk This ratio indicates the current situation and changes in credit-risk quality through the annual cost in terms of impairment losses (accounting loan-loss provisions) of each unit of loans and advances to customers (gross). It is calculated as follows:

| Loan-loss provisions                            |
| Average loans and advances to customers (gross) |

Explanation of the formula: "Loans to customers