Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 138

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 138
---
 8 |     |                3 |     |      1 |     | —           |                                            |     |                           — |     |                                — |                                           |     |                                                19 |     |                                                15 |     |   4 |
| Future administrative costs                   |     |               |     |      — |     |              8 |     |                — |     |      — |     | —           |                                            |     |                           — |     |                                — |                                           |     |                                                 8 |     |                                                 8 |     |   — |
| Total Additional Valuation Adjustments (AVAs) |     |               |     |        |     |                |     |                  |     |        |     |             |                                            |     |                             |     |                                  |                                           |     |                                               362 |     |                                               246 |     | 116 |

Total AVAs as at end of 2024 remain stable with respect to 2023.

| PILLAR 3 2024 |     | 4. RISK |     | P. 173 |

4.3.4.2.2. Market risk in 2024

Article 455 d), e) CRR

The Group’s market risk related to its trading portfolio remained in 2024 at low levels compared to other risks managed by BBVA, particularly credit risk. This is due to the nature of the business. In 2024, the average VaR was €37 million, above the figure of 2023, with a maximum level in the year reached on February 19, 2024 of €50 million. The evolution in the BBVA Group’s market risk during 2024, measured as VaR with a 99% confidence level and a 1-day horizon (shown in Millions of Euros) is as follows:

As of December 31, 2024 and 2023 the VaR was €34 million and €36 million, respectively, with the following breakdown:

| Table 56.Trading Book. VaR without smoothing by risk factors(Million Euros) |

| VaR by risk factors                                                                                                                                                                                                                    |     | Interest-rate and spread risk |     | Exchange - rate risk |     | Equity risk |     | Vega / correlation risk | Diversification effect(1) |     |     |     | Total |
| December 2024                                                                                                                                                                                                                          |     |                               |     |                      |     |             |     |                         |