Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 133

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 133
---
 while ECB-eligible liquid assets decreased by €10,150 million, and the available non-ECB eligible assets decreased by €13 million, the main reasons for these variations being a negative funding gap and the
repayment of central bank funding, which were partially offset by the increase in funds raised in capital markets and the increase in own-name collateral deemed eligible by the central bank.

2024

The information in this subsection has been extracted from page 101 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on page A-190. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2024.

In 2024, the balance of reserves and of the marginal deposit facility in
central banks and the net interbank position showed a decline of €12,368 million, while the volume of ECB-eligible liquid assets increased by €14,496 million and the available non-ECB eligible assets decreased by €97 million, thus
raising the first line of liquidity by €2,031 million in the year, with the positive funding gap and increased wholesale issues placed with institutional customers, as well as the repayment of central bank funding operations, standing out as
positive factors.

2023

The information in this subsection has been extracted from page 100 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2023, reproduced herein on page A-416. See also Note 4.4.3.1 to the consolidated financial statements as of and for the year ended December 31, 2023.

With regard to 2023, the balance of reserves and marginal deposit facility in central banks and the net interbank position showed a decline of
€9,976 million, while the volume of ECB eligible assets increased by €12,984 million and the available non-ECB eligible assets increased by €1,506 million in 2023, thus raising
the first line of liquidity by €4,514 million in the year, with the funding gap and increased wholesale issues standing out as positive factors.

Residual Maturity Periods

The information in this subsection has been extracted from pages 96 to 98 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on pages A-185 to A-187.See also Note