Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 117

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 117
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 |     |                -11,630 |

The changes during the six months ended June 30, 2025, and the year ended December 31, 2024 of impaired financial assets (financial assets and guarantees given) are as follows:

| CHANGES IN IMPAIRED FINANCIAL ASSETS AND GUARANTEES GIVEN (MILLIONS OF EUROS) |     |        |     |          |
|                                                                               |     |   June 
   2025 |     | December 
     2024 |
| Balance at the beginning                                                      |     | 14,891 |     |   15,362 |
| Additions                                                                     |     |  6,082 |     |   12,255 |
| Decreases ⁽¹⁾                                                                 |     | -3,442 |     |   -7,346 |
| Net additions                                                                 |     |  2,640 |     |    4,909 |
| Amounts written-off                                                           |     | -2,287 |     |   -4,559 |
| Exchange differences and other                                                |     |   -585 |     |     -820 |
| Balance at the end                                                            |     | 14,659 |     |   14,891 |

(1) Reflects the total amount of impaired loans and advances derecognized from the consolidated balance sheet throughout the period as a result of monetary recoveries as well as mortgage foreclosures and real estate assets received in lieu of payment.

6.2.3 Measurement of Expected Credit Loss (ECL)

As of June 30, 2025, the models for calculating expected losses used by the Group to prepare the attached Consolidated Financial Statements do not differ significantly from those detailed in Note 7 to the consolidated financial statements of the Group for the year ended December 31, 2024, except for the update of the macroeconomic scenarios, as such models have incorporated its estimated impact on economic activity and the main economic indicators for the first half of 2025.

BBVA Research forecasts a maximum of five years for the macroeconomic variables. The following estimates for the next five years of the Gross Domestic Product (GDP) growth, of the unemployment rate and of the House Price Index (HPI), for the most relevant countries where it represents a significant factor, are determined by BBVA Research and have been used at the time of the calculation of the ECL as of June 30, 2025:

| POSITIVE SCENARIO OF