Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 425

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 425
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-balance sheet customer funds (*) |     |      |     |      | 160,888 |     |          |  5.6 | % |     |          |  2.4 | % |     |           |  4.3 | % |     |        |  4.3 | % |     |             |  83.4 | % |
| Term deposits and others                  |     |      |     |      |  25,237 |     |          | 32.1 | % |     |          | 13.6 | % |     |           | 26.8 | % |     |        | 27.5 | % |     |             |     — | % |
| Demand deposits                           |     |   19 |     |      | 134,243 |     |          |    — | % |     |          |    — | % |     |           |    — | % |     |        |    — | % |     |             | 100.0 | % |
| Retail issues                             |     |      |     |      |   1,408 |     |          | 53.8 | % |     |          | 30.9 | % |     |           | 14.7 | % |     |        |  0.6 | % |     |             |     — | % |

(*) Includes customer deposits (excl. repos) and other liabilities placed via the branch network: straight bonds issued by Banco Sabadell, commercial paper and others. Despite falling interest rates in the financial markets, the weight of term deposits and other deposits in the composition of on-balancesheet customer funds has increased. Details of off-balancesheet customer funds managed by the Group and those sold but not under management are provided in Note 27 to these consolidated annual financial statements. The Group’s deposits are sold through the business units of the Group (Banking Business Spain, TSB and Mexico). Details of the volumes of these business units are included in section “4. Business” of the consolidated Directors’ Report. A-187

In 2024, the funding gap turned positive, with a sharper increase in on-balancesheet customer funds than in gross performing loans to customers (excluding reverse repos), thus placing the Group’s Loan-to-Deposit(LtD) ratio at 93.2% as at 2024 year-end(94.0% as at 2023