Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 192

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 192
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 |     | Exposure value |   |   | Risk weighted exposures amounts (RWEA) |     |    | Own funds requirements |     |   |
| Tokenised traditional assets                                                                |     |                |   | — |                                        |     |  — |                        |     | — |
| Asset referencered tokens                                                                   |     |                |   | — |                                        |     |  — |                        |     | — |
| Exposures to other crypto assets                                                            |     |                |   | 1 |                                        |     | 13 |                        |     | 1 |
| Total                                                                                       |     |                |   | 1 |                                        |     | 13 |                        |     | 1 |
| Memorandum item                                                                             |     |                |   |   |                                        |     |    |                        |     |   |
| Exposures to other crypto assets expressed as a  percentage of the institution's T1 capital |     |                | — |   |                                        |     |    |                        |     |   |

In line with International Financial Reporting Standards (IFRS), BBVA classifies crypto-asset activities based on their nature. Proprietary positions for blockchain network fee payments and client advances are categorized as inventories, valued at the lower of cost or net realizable value. Custody activities for clients are recorded off-balance sheet, consistent with other securities custody operations, with the risk borne by clients.

The governance of crypto-asset services, like any other business of the bank, is subject to BBVA Group's corporate governance model. This model is structured through a set of policies and procedures that encompass

general policies on customer conduct, non-financial risk management, and third-party service management, among others.

Additionally, this framework is complemented by specific committees that oversee and monitor each of the Group's businesses, including the trading and custody of crypto-assets, ensuring compliance with operational risk management frameworks and internal controls. Crypto-asset activities remain subject to the defined risk appetite parameters and are included within BBVA's risk measurement and monitoring mechanisms.

| PILLAR 3 2024 |     | 4. RISK |     | P.215 |

The incorporation of crypto-asset services into BBVA's offerings complements and enhances its traditional business activities. By diversifying its client base, particularly among individuals and businesses with a focus on digital innovation, the bank strengthens customer retention while attracting new segments. This diversification is accompanied by additional fee-based revenue from activities such