Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 28

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 28
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| PILLAR 3 2024 |     | 3. SOLVENCY |     | P.40 |

| Table 8.2.EU CCyB2 -Amount of institution-specific countercyclical capital buffer(Million Euros. 12-31-2024) |

| Total risk exposure amount                                                                                                          |     |      | 394,468 |
| Institution specific countercyclical buffer rate(1)                                                                                 |     | 0.11 |       % |
| Institution specific countercyclical buffer requirement                                                                             |     |      |     416 |
| (1)Countercyclical capital buffer calculated as of December 2024 in accordance with Commission Delegated Regulation (EU) 2015/1555. |     |      |         |

The countercyclical capital buffer requirement applicable to the BBVA Group is approximately 0.11%, which increased 3 basis points compared to December 2023. This requirement means that the Group must maintain an additional capital buffer of 416 million euros at the end of December 2024.

The increase is mainly due to the increase in the requirement in the Netherlands to 2% from 1% in December 2023 and in France to 1% (0.5% in December 2023), as well as the growth of the exposures to the United Kingdom, territory where the Group has significant exposures, which is among the 10 countries where the Group has the largest exposures. The 0.5% increase (to 0.75%) in Uruguay, whose exposures account for approximately 0.65% of the Group's total requirements, also affected, although to a lesser extent. Lastly, the requirement was less affected by the activation or increase of the requirement in other less relevant geographies for the Group.

On the other hand, it should be noted that the Central Bank of Italy (Banca d'Italia) announced on 26 April 2024 the activation of the systemic risk buffer for all credit and counterparty risk exposures in Italy. This buffer has a gradual implementation of 0.5% as of 31 December 2024 and up to 1% applicable as of 30 June 2025.

As set out in the CRR and CRD IV, the Bank of Spain decided to approve the reciprocity