Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 774

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 774
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        |     |      |        |
| Balance drawn from Bank of Spain facility (***)        |     |      | 22,000 |     |      | 32,000 |
| Balance drawn from Bank of England Term Funding Scheme 
 (****)                                                 |     |      |  6,201 |     |      |  6,545 |
| Total Liquid Assets Available                          |     |      | 54,044 |     |      | 53,883 |

(*) Excess reserves and Marginal Deposit Facility in Central Banks. (**) Market value, and after applying the Liquidity Coverage Ratio (LCR) haircut. Includes Fixed Income qualifying as a high quality liquid asset according to LCR (HQLA) and other marketable assets from different Group entities. (***) Correspond to TLTRO-IIIfacility. (****) At year-end2022, includes 5 billion pounds to support Small and Medium-sizedEnterprises (TFSME) and 500 million pounds of Indexed Long Term Repo (ILTR). At year-end2021, included 5.5 billion pounds of TFSME borrowing. In terms of 2022, the Group’s first line has remained stable over the year, increasing by 161 million euros. The balance of reserves and the marginal deposit facility in central banks, as well as the net interbank position, decreased by 8,177 million euros in 2022, while in the case of the volume of liquid assets deemed eligible by the European Central Bank, its balance over the year 2022 increased by 7,842 million euros. These changes can be explained, not only by the reduction of assets’ valuations, but also by the early repayment of the funds borrowed under TLTRO III and by the fixed-income portfolio purchases made. Similarly, assets available and not deemed eligible by the European Central Bank increased by 496 million euros in 2022, due mainly to the increase in available assets of foreign subsidiaries. A-643

It should be noted that the Group follows a decentralised liquidity management model. This model
tends to limit the transfer of liquidity between the different subsidiaries involved in liquidity management, thereby limiting intra-group exposures, beyond any restrictions imposed by the local regulators of each subsidiary. Thus, the subsidiaries
involved in liquidity management determine their liquidity position by considering only those assets in their possession that meet the eligibility, availability and liquidity criteria set forth both internally and in regulations in order to comply
with regulatory minima.

In addition