Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 410

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 410
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The amount exposed to a potential default by the counterparty does not correspond to the notional amount of the contract,
instead, it is uncertain and depends on market price fluctuations until the maturity or settlement of the financial contracts.

A-178

Exposure to counterparty credit risk is mainly concentrated in customers, financial institutions and central counterparty clearing houses. The following tables show the breakdown of exposures by credit rating and by the geographical areas in which the Group operates, as at 31 December 2024 and 2023:

| %    |     |       |     |      |     |       |     |       |     |       |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |       |     |       |
|      |     |       |     |      |     |       |     |       |     |       |     |      |     | 2024 |     |      |     |      |     |      |     |      |     |      |     |      |     |       |     |       |
| AAA  |     | AA+   |     | AA   |     | AA-   |     | A+    |     | A     |     | A-   |     | BBB+ |     | BBB  |     | BBB- |     | BB+  |     | BB   |     | BB-  |     | B+   |     | Other |     | TOTAL |
| 0.0% |     | 0.0%  |     | 0.0% |     | 30.0% |     | 24.1% |     | 18.0% |     | 3.7% |     | 4.8% |     | 2.3% |     | 2.4% |     | 5.2% |     | 5.1% |     | 1.9% |     | 1.0% |     | 1.5%  |     | 100%  |
| %    |     |       |     |      |     |       |     |       |     |       |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |      |     |       |     |       |
|