Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 282

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 282
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3 was amended on 11 November 2024 by Royal Decree-Law7/2024, extending the Code of Good Practice by a further 12 months, and by a further 18 months for those affected by DANA. 4.2 Key milestones during the year 4.2.1 The Group’s risk profile during the year The following milestones have been achieved in relation to the Group’s risk profile during 2024: I. Non-performingassets:

| – | During 2024, non-performing assets were reduced by 1,068 million euros. 
 The NPL ratio for the year stands at 2.84% compared to 3.52% in 2023.   |

II. Lending performance:

| – | Gross performing loans granted to customers ended the year 2024 with a balance of 156,913 million euros, 
 increasing by 4.7% year-on-year.                                                                         |

| – | In Spain, gross performing loans in                                                                                                                                 
 year-on-year terms posted a 5.3% improvement, driven by the increase of lending to corporates and individuals, as well as the good performance of foreign branches. |

A-58

| – | In TSB, at a constant exchange rate, gross performing loans remained stable. |

| – | In Mexico, at a constant exchange rate, gross performing loans fell -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%.