Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 254

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 7
Chunk 254
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS 
A. Major Shareholders 
On February 5, 2024, BlackRock, Inc. reported to the SEC that it beneficially owned 7.2% of BBVA’s common stock. On March 26, 2024, Capital Research and Management Company reported to the CNMV that it indirectly had voting power over 5.027% of BBVA’s common stock. 
As of February 19, 2025, to BBVA’s knowledge, no other person, corporation or government beneficially owned, directly or indirectly, five percent or more of BBVA’s shares. On November 25, 2024, Europacific Growth Fund reported to the CNMV that it had a direct holding of 3.010% of BBVA’s common stock.
BBVA’s major shareholders do not have voting rights which are different from those held by the rest of its shareholders. To the extent known to BBVA, BBVA is not controlled, directly or indirectly, by any other corporation, government or any other natural or legal person. As of February 19, 2025, there were 698,744 registered holders of BBVA’s shares, with an aggregate of 5,763,285,463 shares, of which 698 shareholders with registered addresses in the United States held a total of 1,407,773,690 shares (including shares represented by American Depositary Shares evidenced by American Depositary Receipts (“ADRs”)). Since certain of such shares and ADRs are held by nominees, the foregoing figures are not representative of the number of beneficial holders.
B. Related Party Transactions
BBVA entities engage, on a regular and routine basis, in a number of customary transactions with other BBVA entities, including overnight call deposits, time deposits, foreign exchange purchases and sales, derivative transactions (such as forward purchases and sales), money market fund transfers, letters of credit for imports and exports, financial guarantees and service level agreements. 
They also engage in other similar transactions within the scope of the ordinary course of their business, such as loans and other banking services, with our shareholders, employees, associates and family members of all the above and other BBVA non-banking subsidiaries or affiliates. These transactions are made in the ordinary course of business; on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons; and do not involve more than the normal risk