Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 301

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 301
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.6 |   |     |        |   1.5 |   |     |        |  2.1 |   |     |        | 2.6 |     |        | 2.7 |
| Alternative scenario 1 |     |            |  6.9 |   |     |        |  7.1 |   |     |        |  6.5 |     |        |  5.5 |     |        |  5.5 |     |                |  2.6 |   |     |        |   5.0 |   |     |        |  5.0 |   |     |        | 5.0 |     |        | 5.0 |
| Alternative scenario 2 |     |            | (3.7 | ) |     |        | (1.9 | ) |     |        |  1.4 |     |        |  1.9 |     |        |  1.9 |     |                | (4.0 | ) |     |        | (10.7 | ) |     |        | (1.7 | ) |     |        | 0.0 |     |        | 1.6 |

(*) For Spain, the price variation as at year-endis calculated and, for the UK, the average price variation over the year is calculated. In the Group, the macroeconomic scenarios have been incorporated into the impairment calculation model. Additional adjustments to expected losses The Group applies a series of additional adjustments to the outputs of its credit risk models, referred to as Post Model Adjustments (PMAs) or overlays, in order to address situations in which the outputs of those models are not sufficiently sensitive to uncertainty, or to capture events that cannot be modelled. These adjustments are temporary and remain in place until the reasons for which they were originally applied cease to exist. In all cases, the aforesaid overlays have followed the policies and procedures set by the Group, as well as its internal governance workflow, which includes a review by the second line of defence. As at 31 December 2024, the overlays booked in the consolidated balance sheet amounted to 83 million euros. Due to the DANA flash floods, the expected loss was adjusted by 45 million euros, corresponding to the most affected perimeter. The Group also kept an overlay in place of 13 million euros to reflect environmental risks in the expected