Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 767

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 767
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 the Group, as well as other financial assets transferred, depending on whether they have been derecognised or retained in full on the consolidated balance sheet, is as follows:

| Thousand euro                              |     |      |           |     |      |           |
|                                            |     | 2022 |           |     | 2021 |           |
| Fully derecognised from the balance sheet: |     |      |   693,853 |     |      |   808,862 |
| Securitised mortgage assets                |     |      |   116,868 |     |      |   118,986 |
| Other securitised assets                   |     |      |   319,468 |     |      |   397,367 |
| Other financial assets transferred         |     |      |   257,517 |     |      |   292,509 |
| Fully retained on the balance sheet:       |     |      | 7,753,225 |     |      | 6,950,706 |
| Securitised mortgage assets                |     |      | 7,087,569 |     |      | 6,721,857 |
| Other securitised assets                   |     |      |   665,656 |     |      |   228,849 |
| Total                                      |     |      | 8,447,078 |     |      | 7,759,568 |

The assets and liabilities associated with securitisation funds of assets originated after 1 January 2004, and for which inherent risks and rewards of ownership have not been transferred to third parties, have been retained on the consolidated balance sheet. As at 31 December 2022 and 2021, there was no significant financial aid from the Group for unconsolidated securitisations. Schedule II to these consolidated annual financial statements includes certain information regarding the securitisation funds originated by the Group. 4.4.3. Financial risks Financial risk is defined as the possibility of obtaining inadequate returns or having insufficient levels of liquidity that prevent an institution from meeting future requirements and expectations. 4.4.3.1 Liquidity risk Liquidity risk refers to the possibility of losses being incurred as a result of the Institution being unable, albeit temporarily, to honour payment commitments due to a lack of liquid assets or because it is unable to access the markets to refinance debts at a reasonable cost. This risk may