Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 173

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 173
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               |     | 30,028 |               |     |  6,107 |               |     | 2,274 |                |     | 1,821 |              |     |  2,630 |              |     | 1,111 |              |     |  2,060 |              |     |    677 |       |     | 133,615 |
| Derivatives, net                                                      |     |        |     |       — |               |     |    -21 |               |     |    -30 |               |     |      6 |               |     |   -62 |                |     |  -267 |              |     |     69 |              |     |    45 |              |     |   -135 |              |     | -2,616 |       |     |  -3,009 |

With regard to the financing structure, the loan portfolio is mostly financed by retail deposits. The “demand” maturity bucket mainly contains the retail customer sight accounts whose behavior historically showed a high level of stability and little concentration. According to a behavior analysis which is done every year in every entity, this type of account is considered to be stable and for liquidity risk purposes receives a better treatment.

The most relevant aspects related to the main geographical areas are the following:

– BBVA, S.A. has maintained a position with a large high-quality liquidity buffer, having repaid the entire TLTRO III program, maintaining at all times the regulatory liquidity metrics well above the set minimums. During 2024, commercial activity has shown dynamism, experiencing higher growth in lending than in costumer deposits.

– BBVA Mexico shows a solid liquidity situation, even though the credit gap increased in 2024 as a result of the strong dynamism of credit and contained growth in deposits as a result of management efforts to restrain the cost of funds.

– In Turkey, the credit gap in local currency grew in 2024, with loan growth outpacing deposits. Regarding the credit gap in foreign currency, an increase was also recorded in 2024, mainly originated by an increase in loans and a decrease in deposits (which led to an increase in loans to the CBRT). The liquidity buffer has been reduced, mainly due to the reserve requirement and the mentioned increase in the credit gap. During 2024, the CBRT has continued updating its measures to de-dollarize the economy and control inflation.

– In South America, liquidity remained adequate throughout the region