Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 183

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 183
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     |                                                                          — |     |     74 |     |                                                                                         — |
| Own mortgage-covered bonds and ABSs issued and not yet pledged           |     |         |     |                                                                            |     | 37,439 |     |                                                                                         — |
| Total assets, collateral received and own debt securities issued         |     | 152,661 |     |                                                                    104,334 |     |        |     |                                                                                           |

The off-balance sheet collateral received mostly reflects reverse repurchase agreements of debt securities, mostly sovereign.

The sources of encumbrance with the associated collateral as of December 31, 2024 and December 31, 2023 are below:

| Table 84.EU AE3 -Sources of encumbrance(Million Euros) |

|                                                        |     | Matching liabilities, contingent liabilities or securities lent |     | Assets, collateral received and own securities issued other than mortgage-covered bonds, public-covered bonds and ABSs encumbered |
| Carrying amount of selected financial liabilities 2024 |     |                                                         126,150 |     |                                                                                                                           125,103 |
| Carrying amount of selected financial liabilities 2023 |     |                                                         148,508 |     |                                                                                                                           149,547 |

There are assets without associated liabilities that correspond mainly to security lending operations, and in a lesser extent to guarantees granted as collateral to be able to operate in certain markets.

| PILLAR 3 2024 |     | 4. RISK |     | P.208 |

4.6. Operational Risk

BBVA defines operational risk (“OR”) as any risk that could result in losses caused by human error; inadequate or flawed internal processes; undue conduct with respect to customers, markets or the institution; weaknesses in the antimoney laundering and financing of terrorist programs; failures, interruptions or flaws in systems or communications; theft, loss or wrong use of information, as well as deterioration of its quality, internal or external fraud, including in any case those derived from cyberattacks; theft or harm to assets or persons; legal risks; risks derived from staff management and labor health; and defective service provided by suppliers; as well as damages from extreme climate events, pandemics and other natural disasters.

#### 4.6.1.

### Operational risk management
Operational risk management is oriented toward the identification of the root causes to avoid their occurrence and mitigate possible consequences. This is carried out through the establishment of control framework and monitoring and the development of mitigation plans