Banco Bilbao Vizcaya Argentaria, S.a. · BME:BBVA

Banco Bilbao Vizcaya Argentaria — Debt Investor Presentation (September 2025)

19 slides from Banco Bilbao Vizcaya Argentaria's debt investor presentation, September 2025

  1. Slide 1: 2Q25 Covered Bond

    June 30th ,2025 Global ALM - Wholesale Funding 2Q25 Covered Bond

  2. Slide 2: Disclaimer

    2Q25 Covered Bond Presentation 2 Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire secur

  3. Slide 3: Index

    Index 01 Regulatory changes to the legal 04 Export Finance Covered regime for Covered Bonds Bonds 02 Mortgage Covered Bonds 05 Outstanding Covered Bonds 03 Public Sector Covered Bond p. 3

  4. Slide 4: Regulatory changes to the legal regime for Covered Bonds

    Regulatory changes to the legal regime for Covered Bonds

  5. Slide 5: General considerations of Royal Decree-Law 24/2021

    General considerations of Royal Decree - Law 24/2021 ● Although Spain has a legal framework for covered bonds (mortgage, Public Sector and Export Finance covered bonds) where mortgage covered bonds are regulated by Law 2/1981, of 25 March, public sector by Law 44/2002 of 22 November and export financ

  6. Slide 6: A very strong regulatory framework that offers greater protection to investors

    A very strong regulatory framework that offers greater protection to investors Asset selection for the cover pool Each covered bond programme has a cover pool made up of specific assets that act as collateral which issuer must assign individually for each covered bond programme The "Royal Decree-Law 2

  7. Slide 7: Mortgages Covered Bonds

    Mortgages Covered Bonds

  8. Slide 8: Covered bonds fully backed by the cover pool with a strong issuance capacity of 31.6Bn

    Covered bonds fully backed by the cover pool with a strong issuance capacity of 31.6Bn Cover Pool & Mortgage Covered Bond Asset & Liability Maturity Profile June 25 June 25 €47.6Bn1 €16.0Bn Asset Maturity Liquid Asset 1 €0,01Bn Commercial €6.5Bn Retained Covered €12.5Bn Liability Maturity Bond Reside

  9. Slide 9: A high quality and well-diversified pool with high credit ratings (Aa1 / AAA)

    A high quality and well-diversified pool with a high credit ratings (Aa1 / AAA by Moody's & DBRS) Mortgage Cover Pool : Main figures Asset distribution by Indexed LTV (€Mn) June 25 Currency >99% granted in EUR Commercial Nº of Loans 605.529 Residential Residential / 95% / 5% Commercial Loans Floating

  10. Slide 10: Public Sector Covered Bonds

    Public Sector Covered Bonds

  11. Slide 11: Meaningful overcollateralization levels providing strong issuance capacity of 9.4Bn

    Meaningful overcollateralization levels providing strong issuance capacity of 9.4Bn Cover Pool & Mortgage Covered Bond Asset & Liability Maturity Profile June 25 June 25 €16.5Bn1 €12.5Bn Asset Maturity Liquid Asset 1 €0,01Bn Retained Covered €12.5Bn Bond 2025 2026 2027 2028 2029 ≥ 2030 Cover Pool Mor

  12. Slide 12: A high quality and well-diversified pool with a high credit rating (Aa1)

    A high quality and well-diversified pool with a high credit ratings (Aa1 by Moody's Public Sector Cover Pool : Main figures Asset distribution by Indexed LTV (€Mn) June 25 Currency 100% granted in EUR Nº of Loans 3.410 Covered Bond Rating Aa1 (Moody’s) Average Loan Size 4.833.920,55 Floating/ Fixed 3

  13. Slide 13: Export Finance Covered Bonds

    Export Finance Covered Bonds

  14. Slide 14: Meaningful overcollateralization levels providing strong issuance capacity of 2.8Bn

    Meaningful overcollateralization levels providing strong issuance capacity of 2.8Bn Cover Pool & Mortgage Covered Bond Asset & Liability Maturity Profile June 25 June 25 €4.3Bn Asset Maturity €1.5Bn Retained Covered Bond 2025 2026 2027 2028 2029 ≥ 2030 Cover Pool Mortgage Covered Bond OC level Cover

  15. Slide 15: Cover pool quality with a high credit rating (Aa1) by Moody's

    Cover pool quality with a high credit ratings (Aa1) by Moody's Export Finance Cover Pool : Main figures Breakdown by ECA Guarantee (%) June 25 Currency 53% USD / 42% EUR /5% Other 28% 29% 27% Nº of Loans 158 Covered Bond Rating Aa1 (Moody’s) 12% Average Loan Size 26.899.469,25 Floating/ Fixed 85% /

  16. Slide 16: Outstanding Covered Bonds

    Outstanding Covered Bonds

  17. Slide 17: Mortgage Covered Bonds

    2Q25 Covered Bond Presentation 17 Mortgage Covered Bonds ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0413211915 Public 1.000 22/11/2016 22/11/2026 0,875 % ES0312298120 Public 100 25/05/2007 25/05/2027 4,76 % ES0413211A75 Public 1.500 17/01/2023 17/07/2027 3,125 % XS0308135291

  18. Slide 18: Public Sector & Export Finance Covered Bonds

    2Q25 Covered Bond Presentation 18 Public Sector & Export Finance Covered Bonds PUBLIC SECTOR COVERED BONDS ISIN Public/Retained Amount (€Mn) Issue Date Maturity Date Coupon ES0413211A00 Retained 1.500 14/09/2020 14/09/2025 3m+22 pbs ES0413211A42 Retained 2.000 20/10/2021 20/10/2026 3m+10 pbs ES04132

  19. Slide 19: BBVA

    BBVA

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