Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 362

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 362
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 Note 4.4.2.5 “Calculation 
 of credit loss allowances”).                                                                                                                                                                               |

A-122

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025.

This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all

information herein remains strictly confidential.

Summary of criteria for classification and allowances

The amount of credit impairment allowances is calculated based on whether or not there has been a significant increase in credit risk since the
transaction was originated, and on whether or not any default events have occurred:

The methodology used to estimate losses on refinanced and restructured transactions is generally similar to that
used for other financial assets at amortised cost, but it is considered that, in principle, the estimated loss on a transaction that has had to be restructured to enable payment obligations to be satisfied should be greater than the estimated loss
on a transaction with no history of non-payment, unless sufficient additional effective guarantees are provided to justify otherwise.

Guarantees

Effective guarantees are
collateral and personal guarantees proven by the Group to be a valid means of mitigating credit risk.

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As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. Under no circumstances will guarantees whose effectiveness substantially depends on the credit quality of the debtor or, where applicable, of the economic group of which the debtor forms part, be accepted as effective guarantees. Based on the foregoing, the following types of guarantees can be considered to be effective guarantees:

| – | Real estate guarantees applied as first mortgage liens: |

| • |     | Completed buildings and building components: |

| ○ | Housing units. |

| ○ | Offices, commercial premises and multi-purpose industrial buildings. |

| ○ | Other buildings, such as non-multi-purpose industrial buildings and hotels. |

| • |     | Urban land and regulated building land. |

| • |     | Other real estate. |

| – | Collateral in the form of pledged financial instruments: |

| • |     | Cash deposits. |

| • |     | Equity instruments in listed entities and debt securities issued by creditworthy issuers. |

| – | Other collateral: |

| • |     | Personal property received as collateral. |

| • |     | Subsequent mortgages on properties. |

| – | Personal guarantees such that direct liability