Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 289

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 289
---
.00 |     |                | 2.00 |
| SMEs and self-employed                          |     |            | 6.08 |     |                | 6.12 |     |            | 6.70 |     |                | 6.74 |
| Individuals with 1st mortgage guarantee         |     |            | 1.72 |     |                | 1.98 |     |            | 1.89 |     |                | 2.27 |
| Real estate development and                     
 construction                                    |     |            | 4.44 |     |                | 4.47 |     |            | 5.66 |     |                | 5.69 |
| (*) Corresponds to the NPL ratio excluding TSB. |     |            |      |     |                |      |     |            |      |     |                |      |

Further quantitative details can be found in Note 10, specifically in the sections on ‘Financial assets classified according to their credit risk’ and ‘Allowances’, and in Schedule IV in the section on ‘Forbearance’. 4.3 Financial risks 4.3.1 Liquidity and funding risk Funding strategy and evolution of liquidity in 2025 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. Capital markets The Group has a number of funding programmes 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 programme 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) programme registered with the Irish Stock Exchange and a Base Prospectus of Non-EquitySecurities registered with the CNMV. The level of funding in capital markets has remained stable and the Institution has a buffer comfortably above the Minimum Requirement for own funds and Eligible Liabilities (MREL). During the first half of the year, Banco Sabadell issued three deals on the wholesale market in the amount of 2 billion euros and TSB issued an additional deal in the amount of 600 million euros, managing the respective maturities in the capital markets (further details can be found in Schedule Ill to these condensed consolidated interim financial statements). The outstanding