Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 19

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 19
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 in December 31, 2024, 28 basis points lower than the previous quarter, with generalized decreases in all geographical areas during the quarter and with an improvement of 37 basis points compared to the end of 2023.

– The NPL coverage ratio ended the quarter at 80%, an increase of 548 basis points compared to the previous quarter, and of 338 basis points compared to the end of 2023, with generalized increases in the quarter in all geographical areas supported by the reduction in non-performing loans.

– The cumulative cost of risk as of December 31, 2024 stood at 1.43%, remaining practically stable compared to the previous quarter, and in line with the expectations. By business areas, Mexico showed an improvement on this indicator, Spain and South America remain at levels of the previous quarter, and Rest of Business and Turkey presented improvements. Compared to the end of 2023, this ratio increased by 28 basis points, as a result of the evolution on the retail portfolios in Mexico, Turkey and South America, growth in line with Group´s profitable growth strategy.

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

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| CREDIT RISK ⁽¹⁾ (MILLIONS OF EUROS)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |     |          |     |          |     |          |     |          |     |          |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |     | 31-12-24 |     | 30-09-24 |     | 30-06-24 |     | 31-03-24 |     | 31-12-23 |
| Credit risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |  488,302 |     |  461,408 |     |  469,687 |     |  462,457 |     |  448,840 |
| Stage 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |     |  439,209 |     |  407,658 |     |  414,956 |     |  405,765 |     |  392,528 |
| Stage 2 ⁽²⁾                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |     |   34,254 |     |   38,423 |     |   39,298 |     |   40,975 |     |   41,006 |
| Stage 3 (non-performing loans)