Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 56

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 56
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ator         (Millions of euros)   |     |   |     | NPLs                              |     |     |   14,296 |     |     |   14,839 |     |     |   15,716 |
| Denominator         (Millions of euros) |     |   |     | Credit Risk                       |     |     |  494,729 |     |     |  488,302 |     |     |  462,457 |
|                                         |     | = |     | Non-Performing Loans (NPLs) ratio |     | 2.9 |        % |     | 3.0 |        % |     | 3.4 |        % |

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.

| 54 |

#### NPL coverage ratio
This ratio reflects the degree to which the impairment of non-performing loans has been covered in the accounts via allowances. It is calculated as follows:

| Provisions           |
| Non-performing loans |

Explanation of the formula: it is calculated as "Provisions" from stage 1 + stage 2 + stage 3, divided by non-performing loans, formed by “credit risk” from stage 3.

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, reflecting the degree to which the impairment of non-performing loans has been covered in the accounts via value adjustments.

| NPL coverage ratio                      |     |   |     |                    |     |    |          |     |    |          |     |    |          |
|                                         |     |   |     |                    |     |    | 31-03-25 |     |    | 31-12-24 |     |    | 31-03-24 |
| Numerator         (Millions of euros)   |     |   |     | Provisions         |     |    |