Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 664

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 664
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 of any possible deviations. The aim at all times is for the available funding to be sufficient to complete the works and for the existing sales to be able to significantly reduce the risks. The Bank has established three strategic courses of action:

| – | New lending: real estate development business |

New lending to developers is governed by a “Real Estate Development Framework”, which defines the optimum allocation of the new business on the basis of the quality of the customer and development project. This analysis is based on models that allow an objective appraisal to be obtained, taking into account the views of real estate experts. To this end, the Bank has:

| • |     | The Real Estate Business Division (a unit within the Business Banking Division), with a team of real estate specialists                                                                                     
 who exclusively manage the Bank’s developer customers. This unit has an acceptance and monitoring methodology that allows the Group to gain in-depth knowledge about all the projects analysed by the unit. |

| • |     | Two Real Estate Investment Analysis and Monitoring divisions (reporting to the Real Estate Risks Division), whose role                                                                                                                                
 is to analyse all real estate projects from a technical and real estate point of view. They analyse both the location and suitability of the product, as well as the potential supply and demand. They also compare them against the figures of the   
 business plan submitted by the customer (particularly costs, income, margin and timelines). This analysis process goes hand in hand with a model used to monitor the real estate developments through monitoring reports, which validate the progress 
 made in each development project in order to keep track of drawdowns and compliance with the business plan (income, costs and timelines).                                                                                                             |

| • |     | The Real Estate Risks Division, with specialised analysts in each of the Territorial Divisions. 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