Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 73

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 73
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 one of the main indicators used in the banking sector to monitor the situation and changes in the quality of credit risk, reflecting the degree to which the impairment of non-performing loans has been covered in the accounts via value adjustments.

| NPL coverage ratio              |     |   |     |                    |     |    |          |     |    |          |     |    |          |
|                                 |     |   |     |                    |     |    | 31-12-24 |     |    | 31-12-23 |     |    | 31-12-22 |
| Numerator (Millions of euros)   |     |   |     | Provisions         |     |    |   11,905 |     |    |   11,762 |     |    |   11,764 |
| Denominator (Millions of euros) |     |   |     | NPLs               |     |    |   14,839 |     |    |   15,305 |     |    |   14,463 |
|                                 |     | = |     | NPL coverage ratio |     | 80 |        % |     | 77 |        % |     | 81 |        % |

19 IFRS 9 classifies financial instruments into three stages, which depend on the evolution of their credit risk from the moment of initial recognition. The stage 1 includes operations when they are initially recognized, stage 2 comprises operations for which a significant increase in credit risk has been identified since their initial recognition and, stage 3, impaired operations.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.

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#### Cost of risk
This ratio indicates the current situation and changes in credit-risk quality through the annual cost in terms of impairment losses (accounting loan-loss provisions) of each unit of loans and advances to customers (gross). It is calculated as follows:

| Loan-loss provisions                            |
| Average loans and advances to customers (gross) |

Explanation of the formula: "Loans to customers (gross)" refers to the "Loans and advances at amortized cost" portfolios with the following counterparts:

• other financial entities

• public sector

• non-financial institutions

• households, excluding central banks and other credit institutions.

Average loans to customers (gross) is calculated by using the average of the period-end balances of each month of the period analyzed plus