Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 293

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 293
---
 Thus, the subsidiaries involved in liquidity management determine their liquidity position by considering only those assets in their possession that meet the eligibility, availability and liquidity criteria set forth both internally and in regulations in order to comply with regulatory minima. In addition to the first line of liquidity, each Liquidity Management Unit (LMU) monitors its liquidity buffer with an internal conservative criterion, referred to as the counterbalancing capacity. In the case of the BSab LMU (includes Banco de Sabadell, S.A., which in turn includes activity in foreign branches, as well as the business in Mexico of Banco de Sabadell, S.A.), this liquidity buffer comprises the first and second lines of liquidity. As at 30 June 2025, the second line of liquidity added a volume of 14,377 million euros to the liquidity buffer (12,418 million euros as at 31 December 2024), including the covered bond issuing capacity, considering the average valuation applied by the central bank to own-usecovered bonds to obtain funding, as well as the deposits held in other financial institutions and immediately available for the business in Mexico not included in the first line of liquidity. In the TSB LMU, this metric is calculated as the sum of the first line of liquidity plus loans pre-positionedwith the Bank of England in order to obtain funding. As at 30 June 2025, the second line of liquidity, considering the amount of loans pre-positionedwith the Bank of England, amounts to 6,785 million euros (6,703 million euros as at 31 December 2024). There are no significant amounts of cash or cash equivalents that are unavailable for use by the Group. Compliance with regulatory ratios As part of its liquidity management, the Group monitors the short-term Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR), reporting the necessary information to the regulator on a monthly and A-31

quarterly basis, respectively. The measurement of liquidity based on these metrics forms part of the liquidity risk oversight process in the set of LMUs. In terms of the LCR, the regulatory required minimum LCR is 100%, a level amply surpassed by all of the Group’s LMUs. At the Group level, the LCR has consistently been well above 100%, remaining stable over time. As at 30 June 2025, the LCR stood at 181% in the TSB LMU, at 198% in Banco Sabadell Spain and at 176%