Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 383

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 383
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4.6% in year-on-year terms. |

III. Concentration:

| – | From a sectoral point of view, the loan portfolio is diversified and has limited exposure to the sectors most 
 sensitive to the current economic environment.                                                                |

| – | Similarly, in terms of individual concentration, the risk metrics relating to concentration of large exposures showed             
 a slight downward trend and remained within the appetite level. The credit rating of large exposures also improved over the year. |

| – | Geographically speaking, the portfolio is positioned in dynamic regions, both in Spain and worldwide. International 
 exposures account for 37% of the loan book.                                                                         |

IV. Strong capital position:

| – | The CET1 ratio stood at 13.02% as at 2024 year-end compared to 13.19% in 
 2023.                                                                    |

| – | The Total Capital ratio stood at 17.60% as at the end of 2024, thus remaining above the requirements for 2025 with an 
 MDA buffer of 406 basis points. The Leverage Ratio stood at 5.20%.                                                    |

V. Sound liquidity position:

| – | The short-term Liquidity Coverage Ratio (LCR) stood at 210% (compared with 228% at the end of 2023), with total 
 liquid assets of 65,257 million euros (61,783 million euros as at the end of 2023).                             |

4.2.2 Strengthened credit risk management and control environment 2024 was a year marked by lower interest rates once the inflationary pressures that characterised 2022 and 2023 as a result of the geopolitical situation were overcome. This, together with the strengthened risk management and control tools, led to a reduced impact on customers’ default rates and a significant reduction in inflows of non-performingloans. In the area of credit risk management, in 2024 the Bank continued to reinforce the control environment by reviewing and updating credit risk frameworks, as well as annually reviewing the Sector Guidance Strategy, in which the Institution sets its positioning (asset allocation) at the sub-sectorallevel, this aspect being particularly important given the current macroeconomic environment. In addition, credit risk management activities focused on healthily growing the loan book. For instance, it is worth noting the evolution seen in the retail consumer loan portfolio in recent years, on which, prior to the growth in terms of volumes, improvements to credit risk valuation models, procedures and workflows