Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 302

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 302
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 loss. Lastly, the Group had made adjustments amounting to 25 million euros, corresponding to overlays estimated based on the outcomes of PD models backtesting exercises. The Group applied collective classification PMAs that increased exposures classified as stage 2 and stage 3 by 511 million euros and 135 million euros, respectively, which include reclassifications of 255 million euros to stage 2 and 96 million euros to stage 3 corresponding to the impacts of the DANA event. As at 30 June 2025, the overlays applied to the consolidated balance sheet amounted to 67 million euros. During the first half of 2025, as a result of the annual model review process, both the overlay linked to the incorporation of environmental risks into expected loss and certain overlays relating to PD models, amounting to 8 million euros, were specifically allocated. Furthermore, 25 million euros were booked through new overlays, stemming from the increase in uncertainty surrounding international trade. Similarly, in relation to this same topic, collective overlays have been applied to reclassify 576 million euros to stage 2. In addition, the perimeter potentially affected by the 2024 DANA flash floods was updated and collective overlays remain in place for the reclassification of 172 million euros to stage 2 and 40 million euros to stage 3, for which an adjustment has been made to the expected loss in the amount of 25 million euros. The Group has recorded the impact on stage classifications stemming from the overlays described above through collective assessment PMAs. In that regard, overlays that entailed increasing exposures classified as stage 2 and stage 3 by 940 million euros and 69 million euros, respectively, have been applied. The aforesaid overlays include the impacts of the DANA flash floods and the uncertainty surrounding international trade mentioned previously. Sensitivity analysis of the key variables of macroeconomic scenarios A sensitivity analysis of the expected loss of the Group and its main geographies and of its impact, by segment, on impairment allowances in the event of any deviation in the key variables, ceteris paribus,in the A-25

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. actual macroeconomic environment with respect to the most likely baseline macroeconomic scenario envisaged in the Group’s business plan, is set out below. The outcome of this analysis is set out below:

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