Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 736

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 736
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 detailed in Note 16. 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 2022:

| I. | Non-performing assets: |

| – | Decrease in the NPL ratio in the year, from 3.7% to 3.4%, due to a reduction of stage 3 volumes as a result of 
 improved credit quality.                                                                                       |

| II. | Lending performance: |

| – | Gross performing loans continue to increase                                                                                                                              
 year-on-year in all geographies, excluding the impact of the evolution of foreign currencies, with annual growth figures of 1.7% in Spain, 3.3% in the UK (TSB) and 1.4% 
 in Mexico.                                                                                                                                                               |

| – | In Spain, the year-on-year growth is                                                                                   
 primarily driven by loans to individuals (the increase in the mortgage portfolio is noteworthy) and by business loans. |

| – | In TSB, at a constant exchange rate, annual growth was 3.3%, supported by the positive evolution of the mortgage 
 book.                                                                                                            |

| III. | Concentration: |

| – | From a sectoral point of view, the loan portfolio is diversified, has limited exposure to the sectors most sensitive 
 to the current environment and follows a downward trend.                                                             |

| – | Similarly, in terms of individual concentration, the risk metrics relating to concentration of large exposures do                                                                                                                    
 show a slight upward trend but nevertheless remain within the appetite level. The credit ratings of top segments improve significantly as more recent balance sheets with a more diluted impact of the health crisis are introduced. |

| – | Geographically speaking, the portfolio is positioned in the most dynamic regions, both in Spain and worldwide. 
 International exposures account for 36% of the loan book.                                                      |

| IV. | Strong capital position: |

| – | The CET1 ratio improved by 33 basis points to 12.55% in fully-loaded terms as at 2022 
 year-end (compared to 12.22% as at 2021 year-end).                                    |

| – | The phase-in Total Capital ratio stood at 17.08% as at the end of 2022, thus                                               
 remaining above requirements with an MDA buffer of 399 basis points. The leverage ratio was 4.59% (in