Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 759

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 759
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 |     |      |   6,740,264 |
| Of which: securing stage 3 loans   |     |      |   2,046,793 |     |      |   2,291,061 |
| Value of other guarantees          |     |      |  17,180,550 |     |      |  17,315,699 |
| Of which: securing stage 2 loans   |     |      |   2,635,673 |     |      |   2,886,141 |
| Of which: securing stage 3 loans   |     |      |   1,080,167 |     |      |     604,726 |
| Total value of guarantees received |     |      | 114,521,508 |     |      | 115,193,465 |

The main risk concentration in relation to all of these types of collateral and credit enhancements corresponds to the use of mortgage guarantees as a credit risk mitigation technique in exposures of loans intended for the financing or construction of housing or other types of real estate. On a like-for-likebasis, as at 31 December 2022, the exposure to home equity loans and credit lines represented 57.2% of total gross performing lending items granted to customers (58.6% as at 31 December 2021). In addition, the Bank carried out three synthetic securitisation transactions in 2022, 2021 and 2020. In September 2022, the Bank carried out a synthetic securitisation transaction of a 1 billion euro portfolio of project finance loans, having received an initial guarantee from Sabadell Boreas 1-2022Designated Activity Company for 105 million euros (103 million euros as at 31 December 2022), which covers losses of up to 10.5% on the securitised portfolio. In September 2021, the Bank carried out a synthetic securitisation of a 1.5 billion euro portfolio of loans to SMEs and mid-corporates,having received an initial guarantee from Chorus Capital Management in the amount of 75 million euros (50 million euros as at 31 December 2022), covering losses of between 0.9% and 5.9% on the securitised portfolio. In June 2020, the Bank carried out a synthetic securitisation of a 1.6 billion euro portfolio of loans to SMEs