Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 82

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 82
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 planned by the Group; in particular, the analysis conducted on the takeover bid for Banco Sabadell, in relation to which the Committee reported favorably on the impact on the Group’s risk profile and in the areas of financial and non-financialrisks, including internal control. Adequacy and sufficiency of resources for risk management and control, and for promoting risk and compliance cultures across the Group The Committee verified that the Global Risk Management (GRM) and Regulation and Internal Control areas—tasked with ensuring sound management and control of financial and non-financialrisks within the Group, respectively—have the organization, structure, sufficient and adequate resources and systems in place to carry out the functions entrusted to them. For each of these areas, the Committee was informed of the main projects developed to strengthen and develop new capabilities that will enable the Bank to continue improving its management and control of the different types of risks. In particular, with respect to the Regulation & Internal Control area, whose Head reports to the Board through the Risk and Compliance Committee, the Committee: I. monitored the effectiveness of the Regulation and Internal Control function; II. took part in the process of setting the targets for the head of the function; III. carried out an assessment of its performance; and IV. approved the Annual Work Plan for the area. The Committee likewise reviewed the manner in which both areas worked throughout the year in promoting, fostering and extending the risk and compliance cultures across the organization, as key elements for prudent and proactive risk management at BBVA. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Corporate Governance Report of BBVA .85.. Activities relating to risk supervision and control In 2024, the Committee monitored the status and trend in the Group’s risk profile and its various types of financial risks, providing it with a comprehensive and Group-wide view of the main risks to which the Bank and its Group are exposed. In particular, with regard to financial risks, the Committee carried out its functions on the basis of the information reported to it at each of its meetings by the executives of the Global Risk Management (GRM) area, doing so from three angles: I. global, through monthly reports from the Head of GRM (CRO); II. by geographic or business areas, in this case through half-yearly reports from the heads of GRM in Spain, Mexico, Turkey, South America and the Corporate and Investment Banking Area (CIB); and III.