Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 139

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 139
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 for the year ended December 31, 2024, reproduced herein on page A-182. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2024.

Banco Sabadell’s liquidity management seeks to ensure
funding for its business activity at an appropriate cost and term while minimizing liquidity risk. Banco Sabadell’s funding policy focuses on maintaining a balanced funding structure, based mainly on customer deposits, and it is supplemented
with access to wholesale markets.

Funding Strategy and Evolution of Liquidity

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-182. See also Note 4.4.3.1 to the 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