Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 22

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 22
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 local currency grew, with loan growth outpacing deposits. Regarding the credit gap in foreign currency, an increase was also recorded in 2024, mainly originated by an increase in loans and the decrease on deposits. The liquidity buffer has been reduced, mainly due to the reserve requirement and the mentioned increase in credit gap. On the other hand, the Central Bank of Turkey has continued updating the measures to continue with the dedollarization process of the economy and control the inflation.

– In South America, the liquidity situation remains adequate throughout the region. In BBVA Argentina, the growth of excess liquidity in Argentine pesos slowed, thanks to the increase in loans in the quarter above the deposits. In BBVA Colombia, the credit gap decreased throughout the year with a growth in deposits much higher than loans. BBVA Peru has shown a decrease in lending gap in 2024 with a growth in deposits higher than loans in both in local currency and in U.S. dollars.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.

| 23 |

The main wholesale financing transactions carried out by the BBVA Group during 2024 are listed below:

| Issuer     |     |                               |     | Type of issue    |     | Date of issue |     | Nominal (millions) |     | Currency                               |     | Coupon           |     | Early redemption |     | Maturity date |
| BBVA, S.A. |     |                               |     | Senior preferred |     |        Jan-24 |     |              1,250 |     | EUR                                    |     | 3.875%           |     | —                |     | Jan-34        |
|            |     | Tier 2                        |     | Feb-24           |     |         1,250 |     |                EUR |     | 4.875%                                 |     | Nov-30 to Feb-31 |     | Feb-36           |     |               |
|            |     | Senior preferred              |     | Mar-24           |     |         1,000 |     |                USD |     | 5.381%                                 |     | —                |     | Mar-29           |     |               |
|            |     | Senior non-preferred          |     | Mar-24           |     |         1,000 |     |                USD |     | 6.033%                                 |     | Mar-34           |