Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 161

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 161
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 U.S. dollar (+20 basis points).

The evolution of the structural exchange risk requirements in 2024 is in section 4.3.3. of this Report.

| PILLAR 3 2024 |     | 4. RISK |     | P. 189 |

For the years 2024 and 2023, the estimated sensitivities (in absolute terms) of the result attributable to the parent company are shown below, taking into account the coverage, against depreciations and appreciations of 1% of the average rate in the main currencies. To the extent that hedging positions are periodically modulated, the sensitivity estimate attempts to reflect an average (or effective) sensitivity in the year:

| Table 65.Sensitivity to 1% change(Million euros) |

| Currency       |     | 2024 |     | 2023 |
| Mexican peso   |     | 27.8 |     | 25.8 |
| Turkish lira   |     |  3.3 |     |  4.4 |
| Peruvian sol   |     |  1.4 |     |  0.9 |
| Chilean peso   |     |  0.2 |     |  0.2 |
| Colombian peso |     |  0.4 |     |  1.0 |
| Argentine peso |     |  1.8 |     |  1.3 |

4.4.3. Structural equity risk Equity risk in the banking book refers to the possibility of suffering losses in the value of positions in shares and other equity instruments held in the banking book with long or medium term investment horizons due to fluctuations in the value of equity indexes or shares. BBVA Group's exposure to structural equity risk arises largely from minority shareholdings held on industrial and financial companies, and in new business (innovation). This exposure is modulated in some portfolios with positions held on derivative instruments on the same underlying assets, in order to adjust the portfolio sensitivity to potential changes in equity prices. The structural equity risk management is aimed at increasing the income-generating capacity of those shares held by the Group, limiting the capital requirements for equity risk and narrowing the impact on the solvency level through a proactive management of the portfolio using hedges. The function of managing the main structural equity portfolios is a responsibility of the specialized units of the corporate areas of Global ALM, Strategy & M&A and Client Solutions (Banking for