Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 769

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 769
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 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 sub-risks to which the Group is exposed. |

| – | 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.                                                                                   |

| – | Diversification of funding sources, with controlled use of short-term wholesale funding without having to depend on 
 individual fund suppliers.                                                                                          |

| – | Self-funding by the main banking subsidiaries outside Spain. |

| – | Oversight of the balance sheet volume being used as collateral in funding operations. |

| – | Maintenance of a second line of liquidity comprising mainly the issuing capacity of covered bonds or assets 
 prepositioned in central banks and not considered in the first line of liquidity.                           |

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

| – | Alignment with the interests of stakeholders through regular public disclosure of liquidity risk information. |

| – | Availability of a Liquidity Contingency Plan. |

In 2022, the mitigating measures introduced by central banks following the outbreak of Covid-19were partially discontinued; however, some measures are still in place, including support for banks’ loan transactions, allowing them to accept a wider range of credit claims as collateral, and the partial reduction of the temporary collateral haircuts, among others. Tools/metrics for monitoring and controlling liquidity risk management Banco Sabadell Group has a system of metrics and thresholds which are provided in the RAS and which define the appetite for liquidity risk, previously approved by the Board of Directors. This system enables liquidity risk to be assessed and monitored, ensuring the achievement of strategic objectives, adherence to