Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 142

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 142
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 31, 2023, reproduced herein on page A-414. See also Note 4.4.3.1 and Schedule III to the consolidated financial statements as of and for the year ended December 31, 2023. 102

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. In 2023, the level of funding in capital markets has increased, with mortgage covered bonds being the item with the greatest net increase. Furthermore, in order to keep an adequate level of own funds and eligible liabilities above the applicable regulatory requirement or Minimum Requirement for own funds and Eligible Liabilities (“MREL”), senior non-preferreddebt has also increased. The information in this subsection has been extracted from page 29 of Banco Sabadell’s condensed consolidated interim financial statements as of and for the six months ended June 30, 2025, reproduced herein on page A-29. The Group has a number of funding programs in operation in capital markets, with a view to diversifying its different funding sources. Specifically with regard to short-term funding, it has a corporate commercial paper program registered with the Spanish National Securities Market Commission (CNMV), and with regard to medium- and long-term funding, the Institution has a Euro Medium Term Notes (EMTN) program registered with the Irish Stock Exchange and a Base Prospectus of Non-Equity Securities registered with the CNMV. The information in this subsection has been extracted from pages 99 and 100 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on pages A-188 and A-189. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2024. In terms of short-term funding, as at year-endthere was one commercial paper program in operation, which governs the issuance of such securities and is aimed at institutional and retail investors. The Banco Sabadell Commercial Paper Program for 2024, registered with Iberclear, has an issuance limit of €7 billion, which can be extended to €9 billion. As at December 31, 2024, the outstanding balance of the program was €511 million (net of commercial paper subscribed by Group companies), compared with €1,383 million as at December