Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 106

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 106
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 (94.0% as at 2023 year-end). 2023 The information below has been extracted from page 97 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2023, reproduced herein on page A-324. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2023. Due to rising interest rates in the financial markets, the weight of term deposits and other deposits in the composition of on-balancesheet customer funds has increased. Details of off-balancesheet customer funds managed by the Group and those sold but not under management are provided in Note 27. The Group’s deposits are sold through the business units/companies of the Group (Banking Business Spain, TSB and Mexico). In 2023, the funding gap has widened, with a sharper decline in lending than in customer funds, thus placing the Group’s Loan-to-Deposit(LtD) ratio at 94.0% as at 2023 year-end (95.6% as at 2022 year-end). Capital Markets The information below has been extracted from page 99 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on page A-99. See also Note 4.4.3.1 and Schedule III to the consolidated financial statements as of and for the year ended December 31, 2024. In 2024, the level of funding in capital markets, through debt issuance and securitizations, increased. In order to keep an adequate level of own funds and eligible liabilities above the applicable regulatory requirement or Minimum Requirement for own funds and Eligible Liabilities (“MREL”), the balance of senior non-preferred debt and subordinated debt also increased. The outstanding nominal balance of funding in capital markets, by type of product, as at December 31, 2024 and 2023, is shown below:

|                                            |     |       2024 |        |     | 2023 |        |
|                                            |     | -€ million |        |     |      |        |
| Outstanding nominal balance                |     |            | 27,076 |     |      | 24,596 |
| Covered bonds                              |     |            | 11,523 |     |      | 10,975 |
| Of which: TSB Bank                         |     |