Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 23

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 23
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| Recoveries                                         |   -1,688 | -1,741 | -2,582 | -1,730 | -1,500 |
| Net variation                                      |    1,531 |  1,122 |    525 |  1,307 |  1,427 |
| Write-offs                                         |     -957 | -1,329 | -1,178 |   -953 | -1,212 |
| Exchange rate differences and other                |     -250 |   -335 |    165 |   -460 |   -498 |
| Period-end balance                                 |   14,621 | 14,296 | 14,839 | 15,327 | 15,434 |
| Memorandum item:                                   |          |        |        |        |        |
| Non-performing loans                               |   14,131 | 13,771 | 14,211 | 14,590 | 14,672 |
| Non performing guarantees given                    |      490 |    526 |    628 |    737 |    761 |
| ⁽¹⁾ Preliminary data.                              |          |        |        |        |        |

Structural risks Liquidity and funding Liquidity and funding management at BBVA is aimed at driving the sustained growth of the banking business, through access to a wide variety of alternative sources of funding and assuring optimal term and cost conditions. BBVA's business model, risk appetite framework and funding strategy are designed to reach a solid funding structure based on stable customer deposits, mainly retail (granular). As a result of this model, deposits have a high degree of insurance in each geographical area, being close to 55 % in Spain and Mexico. It is important to note that, given the nature of BBVA's business, lending is mainly financed through stable customer funds. One of the key elements in the BBVA Group's liquidity and funding management is the maintenance of large high-quality liquidity buffers in all geographical areas. Thus, the Group has maintained during the last 12 months an average volume of high-quality liquid assets (HQLA) of € 125.6 billion, of which 98 % corresponded to maximum quality assets (level 1 in the liquidity coverage ratio, LCR). Due to its subsidiary-based management model, BBVA is one of the few major European banks that follows the Multiple Point of Entry (MPE) resolution strategy: the parent company sets the liquidity policies, but