Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 90

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 90
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. In Argentina, despite the improvement in prospects following significant fiscal, monetary and exchange rate adjustments, the risk of economic and financial turbulence persists amid heightened political uncertainty. Finally, in Colombia and Peru, climate factors, political tensions, and deteriorating public finances could weigh on economic performance.

<div align='center'>F-19</div>

Any of these factors could have a material adverse impact on the Group's business, financial condition and results of operations.

<div align='center'>F-20</div>

#### 6.2

#### Credit risk
Credit risk arises from the probability that one party to a financial instrument will fail to meet its contractual obligations for reasons of insolvency or inability to pay and cause a financial loss for the other party. The general principles governing credit risk management in the BBVA Group, as well as the credit risk management in the Group as of September 30, 2025 do not differ significantly from those included in Note 7 of the consolidated financial statements of the Group for the year ended December 31, 2024.

#### Credit risk exposure
In accordance with IFRS 7 “Financial Instruments: Disclosures”, the BBVA Group’s credit risk exposure by headings in the consolidated balance sheets as of September 30, 2025 and December 31, 2024 is provided below. It does not consider the loss allowances and the availability of collateral or other credit enhancements to ensure compliance with payment obligations. The details are broken down by category of financial instruments:

| MAXIMUM CREDIT RISK EXPOSURE (MILLIONS OF EUROS)                              |     |       |     |           |     |         |     |         |     |         |
|                                                                               |     | Notes |     | September 
      2025 |     | Stage 1 |     | Stage 2 |     | Stage 3 |
| Financial assets held for trading                                             |     |       |     |    78,015 |     |         |     |         |     |         |
| Equity instruments                                                            |     |     9 |     |     8,857 |     |         |     |         |     |         |
| Debt securities                                                               |     |     9 |     |    29,450 |     |         |     |         |     |         |
| Loans and advances                                                            |     |     9 |     |    39,708 |     |         |     |         |     |         |
| Non-trading financial assets mandatorily