Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 772

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 772
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 placed in different time brackets according to their contractual maturity date. |

| – | Demand liabilities are included in the “on demand” tranche, without taking into account their type 
 (stable vs. unstable).                                                                             |

| – | There are also contingent commitments which could lead to changes in liquidity needs. These are fundamentally credit                                               
 facilities with amounts undrawn by the borrowers as at the balance sheet date. The Board of Directors also establishes limits in this regard for control purposes. |

A-639

| – | Balances related to financial guarantee contracts have been included for the parent company, assigning the maximum 
 amount of the guarantee to the first year in which the guarantee can be enforced.                                  |

| – | Funding in capital markets obtained through instruments that include clauses which could lead to accelerated                                                                                                                                     
 repayment (puttables or instruments with clauses linked to a credit rating downgrade) is reduced in line with the Group’s financial liabilities. It is for this reason that the estimated impact on the parent company would not be significant. |

| – | As at 31 December 2022 and 2021, the Group had no instruments in addition to those regulated by master 
 agreements associated with the arrangement of derivatives and repos/reverse repos.                     |

| – | The Group did not have any instruments which allow the Institution to decide whether to settle its financial                     
 liabilities using cash (or another financial asset) or through the submission of its own shares as at 31 December 2022 and 2021. |

Funding strategy and evolution of liquidity in 2022 The Group’s primary source of funding is customer deposits (mainly demand deposits and term deposits acquired through the branch network), supplemented with funding raised through interbank and capital markets in which the Institution has and regularly renews various short-term and long-term funding programmes in order to achieve an adequate level of diversification by type of product, term and investor. The Institution maintains a diversified portfolio of liquid assets that are largely eligible as collateral in exchange for access to funding operations with the European Central Bank (ECB). On-balancesheet customer funds As at 31 December 2022 and 2021, on-balancesheet customer funds broken down by maturity were as follows:

| Million euro / %                          |     |      |    |     |      |         |     |          |      |   |     |          |      |   |     |           |      |   |     |        |      |   |     |         |       |   |
|                                           |     |