Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 57

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 57
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 11,677 |     |    |   11,905 |     |    |   11,943 |
| Denominator         (Millions of euros) |     |   |     | NPLs               |     |    |   14,296 |     |    |   14,839 |     |    |   15,716 |
|                                         |     | = |     | NPL coverage ratio |     | 82 |        % |     | 80 |        % |     | 76 |        % |

#### 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 the previous month. If the metric is presented on a date before the close of the fiscal year, the numerator will be annualized. By doing this, "Annualized loan-loss provisions" are calculated by accumulating and annualizing the loan-loss provisions of each month of the period under analysis (based on days passed).

Loan-loss provisions refer to the aforementioned loans and advances at amortized cost portfolios.

This indicator is shown, as others, at a business area level.

Relevance of its use: this is one of the main indicators used in the banking sector to monitor the situation and changes in the quality of credit risk through the cost over the year.

| Cost of risk                    |     |   |     |                                    |     |      |               |     |      |               |     |      |               |
|                                 |     |   |     |                                    |     |      | Jan.-Mar.2025 |     |      | Jan.-Dec.2024 |     |      | Jan.-Mar.2024 |
| Numerator (Millions of euros)   |     |   |     | Loan-loss provisions               |     |      |         5,558 |     |      |         5