Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 472

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 472
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 preventive framework to provide relief to at-risk mortgage holders was extended.

In the United Kingdom, Banco Sabadell’s subsidiary, TSB, signed up to the Mortgage Charter which was launched at the end of June 2023. The aim of
this initiative is to ease the burden of mortgage repayments for the most vulnerable customers through a series of commitments undertaken by the banking industry. The key measures agreed include offering tailored support for customers struggling to
pay their mortgage, delaying property repossessions for at least 12 months following the first missed payment, and offering customers the option to switch to an interest-only mortgage for a six-month period,
or to temporarily extend the term of the mortgage to reduce their monthly repayments.

A-293

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 2023: I. Non-performingassets:

| – | During 2023, non-performing assets were reduced by -223 million euros. The NPL ratio for the year stands at 3.52%, |

II. Lending performance:

| – | Gross performing loans ended the year 2023 with a balance of 149,798 million euros, declining by 4.1% year-on-year. |

| – | In Spain, gross performing loans show a fall of 4.6%                     
 year-on-year, impacted by lower business and mortgage portfolio volumes. |

| – | In TSB, at constant exchange rates, gross performing loans show a fall of 
 -5.9% year-on-year, due to the reduced volume of the mortgage portfolio.  |

| – | In Mexico, at constant exchange rates, gross performing loans increased by 7.1% year-on-year. |

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.                                                                                          |

| – | Similarly, in terms of individual concentration, the metrics relating to concentration of large exposures show a                      
 slight downward trend and remain within the target level. The credit rating of the largest exposures has 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 improved by 64