Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 514

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 514
---
 exposures are not above the significance threshold but who nevertheless belong to a group in which the individual assessment of its components is based on consolidated data may also be assessed individually. To assess significant borrowers’ transactions, a system of triggers is established. These triggers identify any significant increase in credit risk, as well as any signs of impairment. A team of expert risk analysts carries out the individual assessment of borrowers, reviewing each transaction and assigning it the corresponding accounting classification. The system of triggers for significant borrowers is automated and takes into account the particular characteristics of segments that perform differently within the loan portfolio, with specific triggers in place for certain segments. In any event, the system of triggers does not automatically or individually classify borrowers. Instead, it brings forward the due date for assessment of the borrower by an analyst and prompts decision-making with regard to their classification. The main aspects identified by the system of triggers are listed here below: Stage 2 triggers:

| • |     | Adverse changes in the financial situation, such as a significant increase in levels of leverage or a sharp drop in 
 turnover or equity.                                                                                                 |

| • |     | Adverse changes in the economy or market indicators, such as a significant fall in share prices or a reduction in the 
 price of debt issues.                                                                                                 |

| • |     | Significant fall in the internal credit rating of the borrower. |

| • |     | Significant increase in credit risk of other transactions of the same borrower, or in entities associated with the 
 borrower’s risk group.                                                                                             |

| • |     | For transactions secured with collateral, significant decline in the value of the collateral received. |

Stage 3 triggers:

| • |     | Negative EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation), significant decrease in EBITDA, in 
 turnover, or in general, in the borrower’s recurrent cash flows.                                                     |

| • |     | Increase in the borrower’s leverage ratios. |

A-348

| • |     | Negative equity or equity reduction as a result of the borrower suffering equity losses of 50% or more in the past 
 year.                                                                                                              |

| • |     | Existence of an internal or external credit rating showing that the borrower is in arrears. |

The Group carries out an annual review of the reasonableness of its thresholds and of the credit risk captured in the individual assessments carried out using these thresholds. Collective assessment For borrowers who have been classed below the significant borrower threshold and who, in addition