Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 572

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 572
---
 (Spain’s central credit register), external credit bureaux, etc.). |

A-351

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.

| HAT aims to capture the short-term risk of a company. The scores that it gives are very sensitive to changes in a company’s status or behaviour and are therefore updated on a daily basis. |

| – | Credit scores: the tools designed to assess the probability of default of debtors who are natural persons are credit                                                                                                                                     
 scoring systems, which are in turn based on a quantitative model of historical statistical data, where the relevant predictive factors are identified. In geographical areas where credit scoring takes place, credit scores are divided into two types: |

| • |     | Reactive credit scores: these are used to assess applications for consumer loans, mortgage loans and credit cards. Once                                                                                                                               
 all of the data relating to the transaction has been entered, the system calculates a result based on the estimated borrowing power, financial profile and, if applicable, the profile of assets pledged as collateral. The resulting credit score is 
 integrated in risk management processes using the system of discretions.                                                                                                                                                                              |

| • |     | Behavioural credit scores: the system automatically classifies all customers using information regarding their activity                                                                                         
 based on their financial situation (balances, activity, non- payments), their personal characteristics and the features of each of the products that they have acquired. These credit scores are mainly used to 
 authorise transactions, establish (authorised) overdraft limits, design advertising campaigns and adjust the initial stages of the debt recovery management process.                                            |

If no credit rating or credit scoring system exists, individual assessments supplemented with policies are used instead.

| – | LGD (Loss Given Default): expected loss on transactions which are in default. This loss also takes into account                                                                                                                   
 outstanding debt, late payment interest and expenses relating to the recovery process. Additionally, for each cash flow (amounts outstanding and amounts recovered) an adjustment is applied to consider the time value of money. |

| – | Effective Interest Rate (EIR): rate that exactly discounts estimated future cash payments or receipts through the                                              
 expected life of a financial asset or financial liability to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. |

| – | Multiple scenarios: in order to estimate expected losses, the Group applies