Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 286

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 286
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 |            |             |
|                                  |     | 30/06/2025 |             |     | 31/12/2024 |             |
| Value of collateral              |     |            |  96,199,412 |     |            |  96,057,447 |
| Of which: securing stage 2 loans |     |            |   5,174,011 |     |            |   6,133,795 |
| Of which: securing stage 3 loans |     |            |   1,372,030 |     |            |   1,570,540 |
| Value of other guarantees        |     |            |  13,431,327 |     |            |  14,262,388 |
| Of which: securing stage 2 loans |     |            |   1,461,572 |     |            |   1,653,150 |
| Of which: securing stage 3 loans |     |            |     524,765 |     |            |     683,329 |
| Total value of guarantees        
 received                         |     |            | 109,630,739 |     |            | 110,319,835 |

4.2.2 Calculation of credit loss allowances Inclusion of forward-looking information in expected loss models As at 30 June 2025, the Group continues to consider three macroeconomic scenarios, with the same weightings as in December 2024, namely: one baseline scenario, the most likely of all (65%); alternative scenario 1, which is more optimistic and envisages productivity gains and non-existentinflation (15%); and alternative scenario 2, which is more adverse and envisages financial instability and recession (20%). In A-23

TSB, the same probabilities assigned to the scenarios in 2024 are also maintained, i.e. the probabilities assigned to the baseline scenario and to the optimistic scenario are 60% and 10%, respectively, assigning a 10% probability to a more adverse scenario characterised by interest rate hikes. A 20% probability is assigned to alternative scenario 2. To carry out the forecasts of these scenarios, five-year time horizons are used. The main variables considered are changes in GDP, the unemployment rate and house prices. The baseline scenario is influenced by the US tariff policy and the impacts of the measures announced thus far. The divergent economic growth between the United States and the Eurozone is partially