Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 668

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 668
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 There have been no significant changes in Banco de Sabadell’s policies on the topic of guarantees during this year. Neither have there been any significant changes in the quality of the Group’s guarantees with respect to the previous year. The values of the guarantees received to ensure collection, broken down into collateral and other guarantees, as at 31 December 2022 and 2021 are as follows:

| Thousand euro                      |     |      |             |     |      |             |
|                                    |     | 2022 |             |     | 2021 |             |
| Value of collateral                |     |      |  97,340,958 |     |      |  97,877,766 |
| Of which: securing stage 2 loans   |     |      |   8,515,648 |     |      |   6,740,264 |
| Of which: securing stage 3 loans   |     |      |   2,046,793 |     |      |   2,291,061 |
| Value of other guarantees          |     |      |  17,180,550 |     |      |  17,315,699 |
| Of which: securing stage 2 loans   |     |      |   2,635,673 |     |      |   2,886,141 |
| Of which: securing stage 3 loans   |     |      |   1,080,167 |     |      |     604,726 |
| Total value of guarantees received |     |      | 114,521,508 |     |      | 115,193,465 |

The main risk concentration in relation to all of these types of collateral and credit enhancements corresponds to the use of mortgage guarantees as a credit risk mitigation technique in exposures of loans intended for the financing or construction of housing or other types of real estate. On a like-for-likebasis, as at 31 December 2022, the exposure to home equity loans and credit lines represented 57.2% of total gross performing lending items granted to customers (58.6% as at 31 December 2021). In addition, the Bank carried out three synthetic securitisation transactions in 2022, 2021 and 2020. In September 2022, the Bank carried out a synthetic securitisation transaction of a 1 billion euro portfolio of project finance loans, having received an initial guarantee from Sabadell Bore