Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 777

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 777
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 disclosure of the different liquidity sub-risks to which the Group is exposed. |

| – | Existence of a transfer pricing system to transfer the cost of funding. |

| – | Balanced funding structure with a predominance of customer deposits. |

| – | Ample base of unencumbered liquid assets that can be used immediately to generate liquidity and which comprise the 
 Group’s first line of liquidity.                                                                                   |

| – | Diversification of funding sources, with controlled use of short-term wholesale funding without having to depend on 
 individual fund suppliers.                                                                                          |

| – | Self-funding by the main banking subsidiaries outside Spain. |

| – | Oversight of the balance sheet volume being used as collateral in funding operations. |

| – | Maintenance of a second line of liquidity comprising mainly the issuing capacity of covered bonds or assets 
 prepositioned in central banks and not considered in the first line of liquidity.                           |

| – | Holistic overview of risk, through first- and second-tier risk taxonomies, and complying with regulatory 
 requirements, recommendations and guidelines.                                                            |

| – | Alignment with the interests of stakeholders through regular public disclosure of liquidity risk information. |

| – | Availability of a Liquidity Contingency Plan. |

In 2022, the mitigating measures introduced by central banks following the outbreak of Covid-19were partially discontinued; however, some measures are still in place, including support for banks’ loan transactions, allowing them to accept a wider range of credit claims as collateral, and the partial reduction of the temporary collateral haircuts, among others. Tools/metrics for monitoring and controlling liquidity risk management Banco Sabadell Group has a system of metrics and thresholds which are provided in the RAS and which define the appetite for liquidity risk, previously approved by the Board of Directors. This system enables liquidity risk to be assessed and monitored, ensuring the achievement of strategic objectives, adherence to the risk profile, as well as compliance with regulations and supervisory guidelines. Within the Group-level monitoring of liquidity metrics, there are metrics established at the Group level and calculated on a consolidated basis, metrics established at the Group level and rolled out to each Group LMU, as well as metrics established at the LMU level to reflect specific local characteristics. A-636

Both the metrics defined in the Banco Sabadell Group RAS and those defined in the local RAS of subsidiaries are subject to governance arrangements relating to the approval, monitoring and reporting of threshold breaches, as well as remediation plans established in the RAF on