Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 372

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 372
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 To that end, the potentially affected perimeter was identified using the postcodes of the municipalities included in the scope of application of Royal Decree-Law6/2024 of 5 November, taking into account:

| • |     | Mortgage-backed exposures which, using the coordinates in which the main collateral was located, coincided with a 
 flooded location;                                                                                                 |

| • |     | Corporate exposures in which the company’s registered office, using the coordinates of the same, coincided with a 
 flooded location; or                                                                                              |

| • |     | Unsecured retail exposures which were part of a list of most affected municipalities compiled internally using the same 
 satellite information provided by Copernicus.                                                                           |

Based on these criteria, the Group’s exposure that met any of the aforementioned conditions stood at 396 million euros as at the date of the event, 30 October 2024. The Group has estimated DANA’s impact as at 2024 year-endon the accounting classification on the basis of credit risk and on the expected loss based A-146

on the updated exposure, reclassifying exposures as stage 2 or stage 3 in the amount of 255 million euros and 96 million euros, respectively, and applying an adjustment to the expected loss in the amount of 45 million euros (see Note 4.4.2.5 - Calculation of credit loss allowances). As at 31 December 2024, the Group had arranged 1,437 statutory moratoria for a total amount of 60 million euros, distributed between 828 transactions granted to households amounting to 34 million euros, 272 transactions granted to self-employed professionals amounting to 12 million euros, and 337 transactions granted to companies and businesses amounting to 14 million euros, as well as one ICO guarantee transaction amounting to 3 million euros. War between Russia and Ukraine The war between Russia and Ukraine continues after three years of conflict. The Group’s credit risk with both individuals and companies from these countries is limited, and the same is true of its counterparty credit risk with financial institutions from Russia and Ukraine. Specifically, the largest exposures relate to mortgage loans granted to customers of Russian, Ukrainian or Belarusian nationality residing outside Spain, which amounted to 181 million euros and 233 million euros as at 31 December 2024 and 2023, respectively. The real estate assets securing those exposures are located in Spain and have an average loan-to-valueof 35.2% and 37.7% as at