Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 306

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 306
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 and credit enhancements corresponds to the use of mortgage guarantees as a credit risk mitigation technique in exposures of loans intended for the financing or construction of housing or other types of real estate. On a like-for-likebasis, as at 31 December 2024, the exposure to home equity loans and credit lines represented 56.8% of total gross performing lending items granted to customers (57.5% as at 31 December 2023). In addition, the Bank has carried out six synthetic securitisation transactions since 2020. Details of the outstanding transactions as at 2024 year-endare shown below:

| – | In December 2024, the Bank carried out one synthetic securitisation transaction of a 1.23 billion US dollar                                                                                                 
 portfolio of project finance and loans to large corporates, having received an initial guarantee from Sabadell Hermes 1-2024 Designated Activity Company for 111 million US dollars, which covers losses of 
 up to 9.0% on the securitised portfolio.                                                                                                                                                                    |

| – | In June 2024, the Bank carried out one synthetic securitisation transaction of a 1.1 billion euro portfolio of                                                                               
 project finance loans, having received an initial guarantee from Sabadell Boreas 2-2024 Designated Activity Company for 110 million euros (105 million as at 31 December 2024), which covers 
 losses of up to 10.0% on the securitised portfolio.                                                                                                                                          |

| – | In September 2023, the Bank carried out one synthetic securitisation of a 1,139 million euro portfolio of loans                                            
 to SMEs and mid-corporates, having received an initial guarantee from Sabadell Galera 3-2023 Designated Activity Company in the amount of 58 million euros 
 (45 million as at 31 December 2024), covering losses of between 0.95% and 5.05% on the securitised portfolio.                                              |

| – | In September 2022, the Bank carried out one synthetic securitisation transaction of a 1 billion euro portfolio                                                                                 
 of project finance loans, having received an initial guarantee from Sabadell Boreas 1-2022 Designated Activity Company in the amount of 105 million euros (65 million as at 31 December 2024), 
 which covers losses of up to 10.5% on the securit