Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 137

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 137
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 classified within this level are fixed-income securities, equity instruments and certain derivatives.

– Level 2: Valuation of financial instruments with commonly accepted techniques that use inputs obtained from observable data in markets.

– Level 3: Valuation of financial instruments with valuation techniques that use significant unobservable inputs in the market. As of December 31, 2024, the affected instruments at fair value accounted for approximately 0.66% of financial assets and 0.48% of the Group’s financial liabilities. Model selection and validation is undertaken by control areas outside the business areas.

Full revaluation is used for most financial products at BBVA Group.

| PILLAR 3 2024 |     | 4. RISK |     | P.171 |

In addition, the Group calculates Prudent Valuation Adjustments (PVA) for all instruments valued at fair value. PVA is an additional or conservative adjustment to the fair value that allows a more prudent assessment to be obtained by considering sources of risks that exist in the calculation of the fair value (uncertainty inputs, risk model, etc). A detailed breakdown of the method for calculating PVAs for the Group is below:

| PILLAR 3 2024 |     | 4. RISK |     | P. 172 |

| Table 55.EU PV1 - Prudent Valuation Adjustments(Million Euros. 12-31-2024) |

|                                               |     | Risk category |     |        |     |                |     |                  |     |        |     |             | Category level AVA - Valuation uncertainty |     |                             |     |                                  | Total category level post-diversification |     |                                                   |     |                                                   |     |     |
| Category level AVA                            |     |               |     | Equity |     | Interest Rates |     | Foreign exchange |     | Credit |     | Commodities |                                            |     | Unearned credit spreads AVA |     | Investment and funding costs AVA |                                           |     | Of which: Total core approach in the trading book |     | Of which: Total core approach in the banking book |     |     |
| Market price uncertainty                      |     |               |     |     39 |     |            109 |     |                9 |     |      3 |     | —           |                                            |     |                          11 |     |                               13 |                                           |     |                                                92 |     |                                                75 |     |