Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 292

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 292
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,812 |
| Other non-ECB eligible marketable assets (**)          |     |      6,631 |     |      6,643 |
| Memorandum item:                                       |     |            |     |            |
| Balance drawn from Bank of England Term Funding Scheme 
 (***)                                                  |     |        687 |     |      1,670 |
| Total available                                        
 liquid assets                                          |     |     57,629 |     |     60,589 |

(*)Excess reserves and Marginal Deposit Facility in central banks. (**)At market value and having applied the Liquidity Coverage Ratio (LCR) haircut. Includes fixed income qualifying as a high-quality liquid asset according to LCR (HQLA) and other marketable assets from various Group entities. (***)As at 30 June 2025, it includes 588 million pounds to support small and medium-sizedenterprises (TFSME). As 31 December 2024, it included 1.385 million pounds to support small and medium-sizedenterprises (TFSME). As at 30 June 2025 and 31 December 2024, there was no balance drawn down from monetary policy operations with the European Central Bank. The total amount drawn from the Bank of England stood at 588 million pounds as at 30 June 2025 (1,385 million pounds as at 31 December 2024), corresponding to the Term Funding Scheme with additional incentives for Small and Medium-sizedEnterprises (TFSME). Compared to 2024 year-end,the Group’s first line of liquidity decreased in the first half of 2025 by 2,960 million euros. The balance of reserves and of the marginal deposit facility in central banks and the net interbank position showed an increase of 7,203 million euros in the first half of 2025, while ECB-eligibleliquid assets decreased by 10,150 million euros, and the available non-ECBeligible assets decreased by 13 million euros, the main reasons for these variations being a negative funding gap and the repayment of central bank funding, which were partially offset by the increase in funds raised in capital markets and the increase in own-namecollateral deemed eligible by the central bank. It should be noted that the Group follows a decentralised liquidity management model. This model tends to limit the transfer of liquidity between the different subsidiaries involved in liquidity management, thereby limiting intragroup exposures, beyond any restrictions imposed by the local regulators of each subsidiary.