Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 415

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 415
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 metrics to control liquidity risk, working together with the Group’s corporate functions. As at the end of December 2024, the LMUs are A-182

Banco Sabadell (includes Banco de Sabadell, S.A., which in turn includes activity in foreign branches, as well as the business in Mexico of Banco Sabadell S.A., I.B.M. (IBM) and SabCapital S.A. de C.V., SOFOM, E.R. (SOFOM)) and TSB. In order to achieve these objectives, the Group’s current liquidity risk management strategy is based on the following principles and pillars, in line with the LMUs’ retail business model and the defined strategic objectives:

| – | Risk governance and involvement of the Board of Directors and Senior Management in managing and controlling liquidity                                                                                                             
 risk. The Board of Directors has the highest level of responsibility for the oversight of liquidity risk, while the management bodies of the LMUs are in charge of transposing these strategies to their local areas of activity. |

| – | Integration of the risk culture, based on prudent liquidity risk management and clear and consistent definitions of 
 their terminology, and on its alignment with the Group’s business strategy through the established risk appetite.   |

| – | Clear segregation of responsibilities and duties between the different areas and bodies within the organisation, with                                         
 a clear-cut distinction between each of the three lines of defence, providing independence in the evaluation of positions and in risk assessment and control. |

| – | Implementation of best practices in liquidity risk management and control, ensuring not only compliance with                                      
 regulatory requirements but also, under a criterion of prudence, the availability of sufficient liquid assets to overcome possible stress events. |

| – | Decentralised liquidity management system for the more significant units but with a centralised risk oversight and 
 management system.                                                                                                 |

| – | Sound processes for the identification, measurement, management, control and disclosure of the different liquidity 
 subrisks to which the Group is exposed.                                                                            |

| – | Holistic overview of risk, through first- and second-tier risk taxonomies, and complying with regulatory 
 requirements, recommendations and guidelines.                                                            |

| – | Existence of a transfer pricing system to transfer the cost of funding. |

| – | Balanced funding structure with a predominance of customer deposits. |

| – | Ample base of unencumbered liquid assets that can be used immediately to generate liquidity and which comprise the 
 Group’s first line of liquidity.