Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 360

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 360
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 elapsed since the date of the restructuring or refinancing or, if later, since the date of 
 reclassification to the stage 3 category.                                                                             |

| – | The borrower has paid the instalments of principal and interest accrued since the date of the refinancing or 
 restructuring or, if later, since the date of reclassification to the stage 3 category.                      |

| – | The borrower has no other transactions with amounts more than 30 days past due at the end of the probation period. |

A-120

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.

| – | At least 12 months have passed since the grace period came to an end. |

| – | The refinanced amount of both the contract and the borrower has been reduced, through payments made by the customer                                                            
 whose cumulative amount since the refinancing date is at least the amount equivalent to the write-down, the unpaid amount at the time of refinancing or the new risk approved. |

Refinancing, refinanced and restructured transactions remain in the stage 3 category until it can be verified that they meet the general criteria for reclassification to the stage 2 category, particularly the following requirements:

| – | It is concluded, having reviewed the borrower’s assets and financial position, that the borrower is unlikely to 
 experience financial difficulties.                                                                              |

| – | One year has passed since the date of the refinancing or restructuring. |

| – | The borrower has paid the accrued instalments of principal and interest. |

| – | The borrower has no other transactions with amounts more than 90 days past due on the date on which the refinancing, 
 refinanced or restructured transaction is reclassified to stage 2.                                                   |

| – | At least 12 months have passed since the grace period came to an end. |

| – | The refinanced amount of both the contract and the borrower has been reduced, through payments made by the customer                                                            
 whose cumulative amount since the refinancing date is at least the amount equivalent to the write-down, the unpaid amount at the time of refinancing or the new risk approved. |

In the case of refinanced/restructured loans classified as stage 2, in addition to the general classification criteria, certain specific criteria are applicable which, if met, lead to reclassification into one of the higher risk categories described previously (