Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 447

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 447
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As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. The issuing entity Banco Sabadell did not issue any public sector covered bonds in either 2024 or 2023. The Group has used part of its portfolio of loans and similar credit in fixed-income securities by transferring assets to various securitisation funds created for this purpose. Under current regulations, securitisations in which there is no significant risk transfer cannot be derecognised from the balance sheet. The balance of the financial assets securitised under these programmes by the Group, as well as other financial assets transferred, depending on whether they have been derecognised or retained in full on the consolidated balance sheet, as at 31 December 2024 and 2023, is as follows:

| Thousand euro                              |     |      |           |     |      |           |
|                                            |     | 2024 |           |     | 2023 |           |
| Fully derecognised from the balance sheet: |     |      |   833,458 |     |      |   568,975 |
| Securitised mortgage assets                |     |      |   112,162 |     |      |   111,624 |
| Other securitised assets                   |     |      |   175,490 |     |      |   228,671 |
| Other financial assets transferred         |     |      |   545,806 |     |      |   228,680 |
| Fully retained on the balance sheet:       |     |      | 7,808,968 |     |      | 7,446,823 |
| Securitised mortgage assets                |     |      | 6,434,096 |     |      | 6,394,928 |
| Other securitised assets                   |     |      | 1,374,872 |     |      | 1,051,894 |
| Total                                      |     |      | 8,642,426 |     |      | 8,015,798 |

The assets and liabilities associated with securitisation funds of assets originated after 1 January 2004, and for which inherent risks and rewards of ownership have not been transferred to third parties, have been retained on the consolidated balance sheet. As