Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 84

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 84
---
 |         |     |   1,362 |          |
| Stage 2                                                                                |     |    438 |         |     |   1,554 |          |
| Stage 3                                                                                |     |    910 |         |     |   2,907 |          |
| Transfer to written-off loans, exchange differences and other                          |     |  1,532 |         |     |   5,509 |          |
| Balance at the end of the period                                                       |     |        | -11,427 |     |         |  -11,630 |

<div align='center'>F-17</div>

Estimation model and additional adjustments to expected losses measurement

The Group periodically reviews its individual estimates and its models for the collective estimate of expected losses as well as the effect of macroeconomic scenarios on them. Although these updates incorporate the best information available at any given time, they may not fully reflect the most recent developments in the economic environment, especially in contexts of high uncertainty and volatility or very recent events still under development. In this regard, to estimate expected losses, what is described in Note 7 of the 2024 consolidated financial statements on individual and collective estimates of expected losses must be taken into account, as well as macroeconomic estimates and sensitivity to variations in key assumptions of macroeconomic scenarios.

In addition, the Group may supplement the expected losses to account for the effects that may not be included, either by considering additional risk factors, or by the incorporation of sectorial particularities or particularities that may affect a set of operations or borrowers, following a formal internal approval process established for this purpose, including evaluation by the relevant Global Risk Management Committee (GRMC). As of December 31, 2024, the Group had recorded a €33 million adjustment in Spain, due to the damage caused by the Isolated Depression at High Levels (DANA by its acronym in Spanish) in different Spanish municipalities between October 28 and November 4, 2024. There was no significant variation in the adjustment during the three months ended March 31, 2025.

<div align='center'>F-18</div>

#### 7.

### Fair value of financial instruments
The criteria and valuation methods used to calculate the fair value of financial assets as of March 31, 2025 do not differ significantly from those included in Note 8 from the consolidated financial statements for the year ended December 31, 2024.

The techniques and unobservable inputs used for the valuation