Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 241

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 241
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 category.                      |

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

A-31

| – | 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 (i.e. to stage 3, as a result of borrower arrears, when payments are, in general, over 90 days past due, or for reasons other than borrower arrears, when there are reasonable doubts as to their recoverability). 1.3.4.1.2 Credit loss allowances The Group applies the following parameters to determine its credit loss allowances:

| – | Exposure at Default (EAD): the Institution defines exposure at default as the value to which it expects to be exposed 
 when a loan defaults.                                                                                                 |

The exposure metrics