Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 754

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 754
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 acceptance and monitoring methodology that allows the Group to gain in-depth knowledge about all the projects analysed by the unit. |

| • |     | Two Real Estate Investment Analysis and Monitoring divisions (reporting to the Real Estate Risks Division), whose role                                                                                                                                
 is to analyse all real estate projects from a technical and real estate point of view. They analyse both the location and suitability of the product, as well as the potential supply and demand. They also compare them against the figures of the   
 business plan submitted by the customer (particularly costs, income, margin and timelines). This analysis process goes hand in hand with a model used to monitor the real estate developments through monitoring reports, which validate the progress 
 made in each development project in order to keep track of drawdowns and compliance with the business plan (income, costs and timelines).                                                                                                             |

| • |     | The Real Estate Risks Division, with specialised analysts in each of the Territorial Divisions. This makes it possible 
 to ensure that newly accepted risks are in line with the policies and acceptance framework for this type of risk.      |

| – | Management of non-performing real estate credit |

Non-performingexposures are managed in line with the defined policy. In general, they are managed taking into account:

| • |     | The customer. |

| • |     | The guarantees. |

| • |     | The status of the loan (from the time when a warning is triggered, warning of a potential deterioration of the current                                                                                                                              
 status, up until refinancing or restructuring takes place, or until the properties are surrendered in payment of debt (payment in kind)/purchased in an amicable settlement/settlement with debt reduction, or until an auction is held following a 
 mortgage enforcement process and whenever there is a ruling in favour of foreclosure).                                                                                                                                                              |

A-621

After analysing the three aforementioned aspects, an optimal solution is sought to stabilise or settle the position (whether through an amicable settlement or through judicial proceedings), which differs depending on the evolution of each customer/case. Cases in which the stabilisation of the loan or its settlement by the customer is not a feasible option are managed using support models depending on the type of loan or financed item. In the case of completed real estate developments or completed non-residentialproperties, these can be put on sale at prices that drive market traction. For other funded real estate, the possibility of entering into sale agreements with third parties is considered, out-of-courtsettlement solutions are proposed