Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 676

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 676
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1981 of 25 March on the regulation of the mortgage market. Detailed information on home equity loans granted in Spain included in the “Loans and advances –Customers” portfolio and linked to the issuance of mortgage covered bonds can be found in Schedule III on “Information required to be kept by issuers of mortgage market securities”. The issuing entity Banco Sabadell did not issue any public sector covered bonds in either 2022 or 2021. The Group has used part of its portfolio of loans and similar credit in fixed-income securities by transferring assets to various securitisation funds created for this purpose. Under current regulations, securitisations in which there is no significant risk transfer cannot be derecognised from the balance sheet. A-545

The balance of the financial assets securitised under these programmes by the Group, as well as other financial assets transferred, depending on whether they have been derecognised or retained in full on the consolidated balance sheet, is as follows:

| Thousand euro                              |     |      |           |     |      |           |
|                                            |     | 2022 |           |     | 2021 |           |
| Fully derecognised from the balance sheet: |     |      |   693,853 |     |      |   808,862 |
| Securitised mortgage assets                |     |      |   116,868 |     |      |   118,986 |
| Other securitised assets                   |     |      |   319,468 |     |      |   397,367 |
| Other financial assets transferred         |     |      |   257,517 |     |      |   292,509 |
| Fully retained on the balance sheet:       |     |      | 7,753,225 |     |      | 6,950,706 |
| Securitised mortgage assets                |     |      | 7,087,569 |     |      | 6,721,857 |
| Other securitised assets                   |     |      |   665,656 |     |      |   228,849 |
| Total                                      |     |      | 8,447,078 |     |      | 7,759,568 |

The assets and liabilities associated with securitisation funds of assets originated after 1 January 2004, and for which inherent risks and rewards of ownership have not been transferred to third parties,