Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 374

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 374
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 performing loans granted to customers ended the year 2024 with a balance of 156,913 million euros, 
 increasing by 4.7% year-on-year.                                                                         |

| – | In Spain, gross performing loans in                                                                                                                                 
 year-on-year terms posted a 5.3% improvement, driven by the increase of lending to corporates and individuals, as well as the good performance of foreign branches. |

A-147

| – | In TSB, at a constant exchange rate, gross performing loans remained stable. |

| – | In Mexico, at a constant exchange rate, gross performing loans fell -4.6% in year-on-year terms. |

III. Concentration:

| – | From a sectoral point of view, the loan portfolio is diversified and has limited exposure to the sectors most 
 sensitive to the current economic environment.                                                                |

| – | Similarly, in terms of individual concentration, the risk metrics relating to concentration of large exposures showed             
 a slight downward trend and remained within the appetite level. The credit rating of large exposures also improved over the year. |

| – | Geographically speaking, the portfolio is positioned in dynamic regions, both in Spain and worldwide. International 
 exposures account for 37% of the loan book.                                                                         |

IV. Strong capital position:

| – | The CET1 ratio stood at 13.02% as at 2024 year-end compared to 13.19% in 
 2023.                                                                    |

| – | The Total Capital ratio stood at 17.60% as at the end of 2024, thus remaining above the requirements for 2025 with an 
 MDA buffer of 406 basis points. The Leverage Ratio stood at 5.20%.                                                    |

V. Sound liquidity position:

| – | The short-term Liquidity Coverage Ratio (LCR) stood at 210% (compared with 228% at the end of 2023), with total 
 liquid assets of 65,257 million euros (61,783 million euros as at the end of 2023).                             |

4.2.2 Strengthened credit risk management and control environment 2024 was a year marked by lower interest rates once the inflationary pressures that characterised 2022 and 2023 as a result of the geopolitical situation were overcome. This, together with the strengthened risk management and control tools, led to a reduced impact on customers’ default rates and a significant reduction in inflows of non-performingloans. In