Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 19

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 19
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, the acceleration of the economic activity, as a result of the dynamics of external demand, has contributed to an upwards revision of the GDP growth, which is expected to be around +0.7% by 2025, in a context of relatively moderated inflation, with expectations of additional interest rate cuts and with credit in the banking system growing at double digits (+10.1% year-on-year, with data at the end of July). Turkey, on the other hand, has shown significant growth in recent months, with inflation moderating and banking system risk indicators at contained levels, although pending political and social tensions. Finally, in South America, while in Colombia and Peru the positive dynamics in terms of economic activity will continue, in a context of contained inflation and gradual interest rate cuts, in Argentina the outlook for economic growth has deteriorated in the last quarter as a result of political uncertainty, high interest rates, and exchange rate pressures. For the estimation of expected losses, the models include individual and collective estimates, taking into account the macroeconomic forecasts in accordance with IFRS 9. Thus, the estimate at the end of the quarter includes the effect on expected losses of updating macroeconomic forecasts, which take into account the global environment, although they may not fully reflect the most recent developments in the economic environment, especially in contexts of high uncertainty and volatility or with respect to very recent events still underway . Additionally, the Group may complement the expected losses either by considering additional risk drivers, or by incorporating sectorial particularities or those that may affect a set of operations or borrowers, following a formal internal process established for the purpose. BBVA Group's credit risk indicators T he evolution of the Group’s main credit risk indicators is summarized below: – In terms of asset quality, the NPL ratio stood at 2.8% as of September 30, 2025, which is an improvement of 13 basis points compared to the previous quarter, mainly supported by the evolution of non-performing loans of Spain . When compared to the end of September 2024, a 55 basis points improvement is observed, driven by loan growth and the reduction of non-performing loans (especially in Spain, followed by South America and Rest of Business).

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

| January - September 2025Report - p.24 |

| NON-PERFORMING LOANS (MILLIONS OF EUROS) |     | PROVISIONS (MILL