Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 108

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 4
Chunk 108
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 to Credit Institutions and Central Banks
As of December 31, 2024, our total loans and advances to credit institutions and central banks amounted to €52,428 million, or 6.8% of total assets (compared to €84,061 million, or 10.8% of total assets as of December 31, 2023), of which total loans and advances to credit institutions and central banks at amortized cost amounted to €30,909 million, or 4.0% of total assets. Loans and advances to credit institutions as of December 31, 2024 decreased by 41.1% compared to December 31, 2023, mainly as a result of the decrease in loans to credit institutions (through reverse repurchase agreements) in Spain, due to the offsetting of certain financial assets and liabilities, for presentation purposes, in application of IAS 32 in 2024 (see Note 7.4.2 to the Consolidated Financial Statements).
Loans and Advances to Spanish Government and its Agencies
Loans and advances outstanding to the Spanish government and its agencies amounted to €12,001 million, or 2.8% of our total loans and advances to customers as of December 31, 2024, compared with the €12,222 million, or 3.1% of our total loans and advances to customers as of December 31, 2023. This does not include loans to companies controlled by the Spanish government.
Loans to Associates and Jointly Controlled Companies
As of December 31, 2024, total loans and advances by BBVA and its subsidiaries to associates and jointly controlled companies amounted to €639 million, a 19.2% decrease compared with €791 million as of December 31, 2023, mainly due to the sale, during 2024, of certain jointly-controlled entities located in Spain.
Maturity and Interest Sensitivity
The following table sets forth a breakdown by maturity of our total loans and advances to customers, including their fixed and variable rates, by type of customer as of December 31, 2024. The determination of maturities is based on contract terms.

                                                                                                                                                                                                                                                          Maturity                               Maturity After One Year
                                                                                                             Due In One Year or Less        Due After One Year Through Five Years         Due After Five Years Through Fifteen Years       Due After Fifteen Years          Total        Fixed Rate        Variable Rate
                                                                                                                                                                                                                                            (In Millions of Euros)                                                      
Dom