Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 689

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 689
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 – | Stage 1: standard exposures, i.e. transactions whose risk profile has not changed since they were granted and for          
 which there are no doubts as to the fulfilment of repayment commitments in accordance with the contractually agreed terms. |

| – | Stage 2: standard exposures under special monitoring, i.e. transactions which, although they do not meet the criteria                                                                                                                                   
 to be classified individually as stage 3 or write-offs, show significant increases in credit risk (SICR) since initial recognition. This category includes, among other transactions, those in which there are amounts more than 30 days past due, with 
 the exception of non-recourse factoring, for which a threshold of more than 60 days is applied (the amount of non-recourse factoring transactions with arrears of between                                                                               
 30 and 60 days represented 55 million euros at year-end 2022 and 32 million euros at year-end 2021), as well as refinanced and restructured transactions not                                                                                            
 classified as stage 3 until they are classified into a lower risk category once they meet the established requirements for modifying their classification.                                                                                              |

| – | Stage 3: doubtful or non-performing exposures are transactions for which                                                                                                                                                                             
 there are reasonable doubts as to their repayment in full in accordance with the contractually agreed terms. This category comprises debt instruments, matured or otherwise, which do not meet the conditions for classification into the write-offs 
 category but for which there are reasonable doubts as to their repayment in full (principal and interest) by the borrower, as well as off-balance sheet exposures whose payment by the Group is likely but whose                                     
 recovery is doubtful.                                                                                                                                                                                                                                |

| • |     | As a result of borrower arrears: all transactions, without exception, with any amount of principal, interest or                                                                                                  
 contractually agreed expenses more than 90 days past due, unless they should be classified as write-offs. This category also includes debt transactions and guarantees given classified as non-performing due to 
 the pulling effect (more than 20% of the exposures of one obligor are more than 90 days past due).                                                                                                               |

| • |     | For reasons other than borrower arrears: transactions which do not meet the conditions for classification as write-offs                                                                                                                            
 or stage 3 as a result of borrower arrears, but for which there are reasonable doubts as to the likelihood of obtaining the estimated cash flows of the transaction, as well off