Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 330

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 330
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     |      |     |      |   1,408 |     |          | 53.8 | % |     |          | 30.9 | % |     |           | 14.7 | % |     |        |  0.6 | % |     |             |     — | % |

(*) Includes customer deposits (excl. repos) and other liabilities placed via the branch network: straight bonds issued by Banco Sabadell, commercial paper and others. Despite falling interest rates in the financial markets, the weight of term deposits and other deposits in the composition of on-balancesheet customer funds has increased. Details of off-balancesheet customer funds managed by the Group and those sold but not under management are provided in Note 27 to these consolidated annual financial statements. The Group’s deposits are sold through the business units of the Group (Banking Business Spain, TSB and Mexico). Details of the volumes of these business units are included in section “4. Business” of the consolidated Directors’ Report. A-98

In 2024, the funding gap turned positive, with a sharper increase in on-balancesheet customer funds than in gross performing loans to customers (excluding reverse repos), thus placing the Group’s Loan-to-Deposit(LtD) ratio at 93.2% as at 2024 year-end(94.0% as at 2023 year-end). Capital markets In 2024, the level of funding in capital markets, through debt issuance and securitisations, increased. In order to keep an adequate level of own funds and eligible liabilities above the applicable regulatory requirement (Minimum Requirement for own funds and Eligible Liabilities, or MREL), the balance of senior non-preferreddebt and subordinated debt also increased. The outstanding nominal balance of funding in capital markets, by type of product, as at 31 December 2024 and 2023, is shown below:

| Million euro                               |     |      |        |     |      |        |
|                                            |     | 2024 |        |     | 2023 |        |
| Outstanding nominal balance                |     |      | 27,076 |     |      | 24,596 |
| Covered bonds                              |     |      | 11,523 |     |      | 10,975 |
| Of which: TSB Bank                         |     |      |  3,817 |     |      |  3,164 |
| Commercial paper