Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 131

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 131
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 consolidated financial statements as of and for the year ended December 31, 2024.

The Group’s primary source of funding is customer deposits (mainly demand deposits and term deposits acquired through the branch
network), supplemented with funding raised through interbank and capital markets in which the Institution has and regularly renews various short-term and long-term funding programs in order to achieve an adequate level of diversification by type of
product, term and investor. The Institution maintains a diversified portfolio of liquid assets that are largely eligible as collateral in exchange for access to funding operations with the ECB.

The information in this subsection has been extracted from page 28 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’s liquidity
position remained at comfortable levels during the first half of 2025. During this period, the funding gap generated at the Group level was negative, mainly due to an increase in lending associated with customers’ increased financing needs.

On-BalanceSheet Customer Funds

The information in this subsection has been extracted from page 105 of Banco Sabadell’s condensed consolidated interim directors’ report as of and for the six months ended June 30, 2025.

As at June 30, 2025, on-balance sheet customer funds
amounted to €168,229 million, compared to €169,557 million as at the end of 2024, representing a 0.8% reduction, due to currency depreciation.

Demand deposit balances amounted to €140,529 million, representing an increase of 1.6% compared to 2024 year-end. Term deposits amounted
to €27,228 million, 12.3% below the figure recorded as at the end of 2024.

The information in this subsection has been extracted from page 98 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on page A-187. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2024.

100

On-balance sheet customer funds as at December 31, 2024 and 2023 are shown below by maturity:

|                          |     |                 2024 |         |     | 3 months |      |   |     | 6 months |      |   |     | 12 months |