Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 201

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 201
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 €5,752 million outstanding, respectively, as of December 31, 2023, and €42,944 million, €41,515 million and €1,430 million outstanding, respectively, as of December 31, 2022 (see Note 22.4 to the Consolidated Financial Statements).
In addition, we had a total of €19,611 million in subordinated debt and subordinated deposits and €1 million preferred securities outstanding as of December 31, 2024 compared with €15,867 million and nil, respectively, as of December 31, 2023 (€12,509 million and nil, respectively, as of December 31, 2022).
The following is a breakdown as of December 31, 2024 of the maturities of our debt certificates (including bonds), subordinated debt, subordinated deposits and preferred securities. Regulatory equity instruments have been classified according to their contractual maturity:

                                                                        Demand              Up to 1 Month        1 to 3 Months       3 to 12 Months         1 to 5 Years         Over 5 Years          Total
                                                                        (In Millions of Euros)                                                                                                              
Debt certificates (including bonds)                                     —                           1,059                4,221                9,892               19,805               15,333         50,310
Subordinated debt, subordinated deposits and preferred securities       1                                                    —                  574                2,217               16,821         19,612
Total                                                                                               1,060                4,221               10,466               22,022               32,154         69,923
Capital
As of December 31, 2024, 2023 and 2022, equity is calculated in accordance with current regulations on minimum capital base requirements for Spanish credit institutions on both an individual and consolidated basis. These regulations dictate how to calculate equity levels, as well as the various internal capital adequacy assessment processes they should have in place and the information such institutions should disclose to the market.
The minimum capital base requirements established by the current regulations are calculated according to the Group’s exposure to credit and dilution risk, counterparty and liquidity risk relating to the trading portfolio, exchange-rate risk and operational risk. In addition, the Group must fulfill the risk concentration limits established in these regulations and internal corporate governance obligations.
For information on our SREP requirements, the consolidated capital ratios as of December 31, 202