Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 648

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 648
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, the main solutions offered during 2020 and 2021 to help SMEs during the Covid-19pandemic were government-guaranteed loans to companies, known as BBLs (Bounce Back Loans). These loans have been benefitting from extensions (Pay-as-you-Grow)introduced by the government during the year, facilitating repayment conditions for customers. The exposure to these loans as at 2022 year-endamounted to 379 million pounds, representing 64% of the business customer portfolio (546 million pounds as 31 December 2021, representing more than 75% of the business customer portfolio). In response to the more recent cost-of-livingcrisis, regulators and financial Institutions in the country have focused on establishing adequate communication channels, tools and training to support and proactively help their customers, in particular those in vulnerable situations. 4.3 General principles of risk management Global Risk Framework The Global Risk Framework aims to establish the common basic principles relating to the risk management and control activity of Banco Sabadell Group, including, among other things, all actions associated with the identification, decision-making, measurement, assessment, monitoring and control of the different risks to which the Group is exposed. With the Global Risk Framework, the Group aims to:

| – | Follow a structured and consistent approach to risk throughout the Group. |

| – | Foster an open and transparent culture with regard to risk management and control, encouraging the involvement of the 
 entire organisation.                                                                                                  |

| – | Facilitate the decision-making process. |

| – | Align the accepted risk with the risk strategy and the risk appetite. |

| – | Understand the risk environment in which it operates. |

| – | Ensure, following the guidelines of the Board of Directors, that critical risks are identified, understood, managed 
 and controlled efficiently.                                                                                         |

The Group’s Global Risk Framework consists of the following elements:

| – | The Group’s Global Risk Framework Policy. |

| – | The Risk Appetite Framework (RAF) of the Group and subsidiaries. |

| – | The Risk Appetite Statement (RAS) of the Group and subsidiaries. |

| – | Specific policies for the various material risks to which the Group and subsidiaries are exposed. |

A-521

4.3.1 Global Risk Framework Policy As an integral part of the Global Risk Framework, the Global Risk Framework Policy establishes the common basic principles for Banco Sabadell Group’s risk management and control activities, including, among other things, all actions