Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 563

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 563
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 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 as off-balance sheet exposures not                                  
 classified as stage 3 as a result of borrower arrears whose payment by the Group is likely but whose recovery is doubtful. This category includes transactions that were classified as stage 3 as a result of borrower arrears and which will be 
 maintained, for a 3-month probation period, in the stage 3 category for reasons other than borrower arrears.                                                                                                                                     |

The accounting definition of stage 3 is in line with the definition used in the Group’s credit risk management activities. A-346

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.

| – | Write-off: |

The Group derecognises from the consolidated balance sheet transactions for which the possibility of full or partial recovery is concluded to be remote following an individual assessment. This also includes transactions which, despite not being in any of the previous situations, are undergoing a manifest and irreversible deterioration of their solvency. The remaining amounts of transactions with portions that have been derecognised (‘partial derecognition’), either because of the termination of the Group’s