Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 752

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 752
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 submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential.

| • |     | Negative equity or equity reduction as a result of the borrower suffering equity losses of 50% or more in the past 
 year.                                                                                                              |

| • |     | Existence of an internal or external credit rating showing that the borrower is in arrears. |

| – | Existence of debt remissions or debt reductions to the same borrower or to companies associated with the 
 latter’s risk group in the last 2 years.                                                                 |

| – | Existence of a borrower’s past-due commitments of significant value with 
 public bodies.                                                           |

| – | Breach of contract, defaults or delayed payments of principal or interest: in addition to amounts more than 90 days                                                                                            
 past due, which form part of the automatic classification algorithm, amounts less than 90 days past due are also identified, as these can be a sign of impairment or of a significant increase in credit risk. 
 Non-payments declared in other credit institutions in the financial system are also considered in the assessment.                                                                                              |

| – | Borrowers experiencing financial difficulties are granted concessions or advantages that would not otherwise be                                                                                                                                          
 considered: refinancing the debt of an obligor experiencing financial difficulties could prevent or delay their failure to honour their payment obligations, whilst at the same time preventing or delaying the recognition of the impairment associated 
 with the financial asset linked to that obligor.                                                                                                                                                                                                         |

| – | Probability of the borrower becoming insolvent: in cases in which there is a high probability that a borrower will                                                                                                         
 enter bankruptcy or other financial reorganisation, the solvency of the issuers or obligors is ostensibly affected, which could give rise to a loss event depending on the impact on future cash flows pending collection. |

The Group carries out an annual review of the reasonableness of its thresholds and of the credit risk captured in the individual assessments carried out using these thresholds. Collective assessment For borrowers who have been classed below the significant borrower threshold and who, in addition, have not been classified as stages 2 or 3 by the automatic classification algorithm, the Group has defined a process to identify transactions that show a significant increase in credit risk compared to when the transaction was approved, and which could give rise to greater losses than those incurred on other similar transactions classified as stage 1. For transactions of borrowers