Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 399

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 399
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 costs and timelines).                                                                                                                       |

| • |     | The Real Estate Risk division, with specialised analysts at the Territorial Division. This makes it possible to ensure 
 that newly accepted risks are in line with the policies and acceptance framework for this type of risk.                |

| – | Management of non-performing real estate credit |

Non-performingexposures are managed in line with the defined policy. In general, they are managed taking into account:

| • |     | The customer. |

| • |     | The guarantees. |

| • |     | The status of the loan (from the time when a warning is triggered, warning of a potential deterioration of the current                                                                                                                              
 status, up until refinancing or restructuring takes place, or until the properties are surrendered in payment of debt (payment in kind)/purchased in an amicable settlement/settlement with debt reduction, or until an auction is held following a 
 mortgage enforcement process and whenever there is a ruling in favour of foreclosure).                                                                                                                                                              |

After analysing the three aforementioned aspects, an optimal solution is sought to stabilise or settle the position (whether through an amicable settlement or through judicial proceedings), which differs depending on the evolution of each customer/case. Cases in which the stabilisation of the loan or its settlement by the customer is not a feasible option are managed using support models depending on the type of loan or financed item. In the case of completed real estate developments or completed non-residentialproperties, these can be put on sale at prices that drive market traction. For other funded real estate, the possibility of entering into sale agreements with third parties is considered, out-of-courtsettlement solutions are proposed (purchase, payment in kind, which in the case of properties owned by individuals can be arranged under favourable conditions for relocation or social rental depending on the needs of the customer, or with a settlement with debt reduction), or else court proceedings are initiated.

| – | Management of foreclosed assets |

Once the loan has been converted into a real estate asset, a management strategy is defined depending on the type of asset, in order to maximise the potential of each asset during the sale. The main disposal mechanism is the sale of the asset, for which the Bank has developed different channels depending on the type of property and customer. The Group, which has had high concentrations of this type of risk in the past, has a first-tier RAS metric in place which establishes a maximum level of concentration of exposures associated with real estate development based on Tier 1 capital