Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 414

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 414
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 2024 (*) |      |     | 2023 |      |     | Proforma 2023 (*) |      |
| Group NPL ratio                          |     |      | 2.84 |     |                   | 3.31 |     |      | 3.52 |     |                   | 4.22 |
| Non-real estate construction             |     |      | 4.06 |     |                   | 4.06 |     |      | 5.25 |     |                   | 5.25 |
| Corporates                               |     |      | 2.00 |     |                   | 2.00 |     |      | 2.47 |     |                   | 2.47 |
| SMEs and self-employed                   |     |      | 6.70 |     |                   | 6.74 |     |      | 8.52 |     |                   | 8.58 |
| Individuals with 1st mortgage guarantee  |     |      | 1.89 |     |                   | 2.27 |     |      | 2.29 |     |                   | 3.12 |
| Real estate development and construction |     |      | 5.66 |     |                   | 5.69 |     |      | 6.44 |     |                   | 6.48 |

(*) Corresponds to the NPL ratio excluding TSB. A more detailed quantitative breakdown of allowances and assets classified as stage 3 can be found in Note 11, and a more detailed breakdown of refinancing and restructuring transactions is included in Schedule IV. 4.4.2.7. Concentration risk Concentration risk refers to the level of exposure to a series of economic groups which could, given the size of that exposure, give rise to significant credit losses in the event of an adverse economic situation. Exposures can be concentrated within a single customer or economic group, or within a given sector or geography. Concentration risk can be caused by two risk subtypes:

| – | Individual concentration risk: this refers to the possibility of incurring significant credit losses as a result of 
 maintaining large exposures to specific customers, either to a single customer or to an economic group.             |

| – | Sector concentration risk: imperfect diversification of systematic components of risk within the portfolio, which can 
 be sector-based factors, geographical factors, etc.                                                                   |

Banco Sabadell has a series of specific tools and