Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 321

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 321
---
 structure is used to monitor the various risks and it is also used by Senior Management and the delegated bodies to establish the Group’s risk appetite.

Different indicators and tools are used to manage country risk: credit ratings, credit default swaps, macroeconomic indicators, etc.

Schedule IV includes quantitative data relating to the breakdown of the concentration of risks by activity and on a global scale.

Schedule IV includes quantitative data relating to sovereign risk exposures and exposures to the construction and real estate development sector.

4.4.2.8. Counterparty credit risk

Counterparty credit
risk is a type of credit risk that refers to the risk of a counterparty defaulting before definitively settling cash flows of either a transaction with derivatives or a transaction with a repurchase commitment, with deferred settlements or
collateral financing.

The amount exposed to a potential default by the counterparty does not correspond to the notional amount of the contract,
instead, it is uncertain and depends on market price fluctuations until the maturity or settlement of the financial contracts.

A-89

Exposure to counterparty credit risk is mainly concentrated in customers, financial institutions and central counterparty clearing houses. The following tables show the breakdown of exposures by credit rating and by the geographical areas in which the Group operates, as at 31 December 2024 and 2023:

| %    |     |       |     |      |     |       |     |       |     |       |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |       |     |       |
|      |     |       |     |      |     |       |     |       |     |       |     |      |     | 2024 |     |      |     |      |     |      |     |      |     |      |     |      |     |       |     |       |
| AAA  |     | AA+   |     | AA   |     | AA-   |     | A+    |     | A     |     | A-   |     | BBB+ |     | BBB  |     | BBB- |     | BB+  |     | BB   |     | BB-  |     | B+   |     | Other |     | TOTAL |
| 0.0% |     | 0.0%  |     | 0.0% |     | 30.0% |     |