Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 284

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 284
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 and A-31

quarterly basis, respectively. The measurement of liquidity based on these metrics forms part of the liquidity risk oversight process in the set of LMUs. In terms of the LCR, the regulatory required minimum LCR is 100%, a level amply surpassed by all of the Group’s LMUs. At the Group level, the LCR has consistently been well above 100%, remaining stable over time. As at 30 June 2025, the LCR stood at 181% in the TSB LMU, at 198% in Banco Sabadell Spain and at 176% at the Group level (200%, 248% and 210%, respectively, as at 31 December 2024). In terms of the NSFR, the regulatory minimum requirement is 100%, a level amply surpassed by all LMUs of the Institution given their funding structure, in which customer deposits are predominant and where the majority of market funding is in the medium/long term. As at 30 June 2025, the NSFR stood at 151% in the TSB LMU, at 138% in Banco Sabadell Spain and at 143% at the Group level (153%, 137% and 142%, respectively, as at 31 December 2024). 4.3.2 Market risk Trading activity Market risk incurred in trading activity is measured using the Value at Risk (VaR) and stressed VaR methodologies, which allows risks to be standardised across different types of financial market transactions. The market risk incurred in trading activity in terms of 1-dayVaR with a 99% confidence interval for the first half of 2025 and the full year 2024 was as follows:

| Million euro                     |     |         |      |     |         |            |     |         |      |     |         |      |     |         |            |     |         |      |
|                                  |     |         |      |     |         | 30/06/2025 |     |         |      |     |         |      |     |         | 31/12/2024 |     |         |      |
|                                  |     | Average |      |     | Maximum |            |     | Minimum |      |     | Average |      |     | Maximum |            |     | Minimum |      |
| Interest rate                    |     |         | 1.06 |     |         |       1.80 |