Maturity profile

Liquidity and finance management of the BBVA Group’s balance sheet helps to fund the recurrent growth of the banking business at suitable maturities and costs, using a wide range of instruments that provide access to a large number of alternative sources of finance.

The following is a breakdown of maturities of wholesale issues of BBVA S.A by the nature of the issues (€Bn).

Maturity Profile (€Bn)2024202520262027>=2028
Covered Bonds1.
Senior Preferred Debt1.
Senior Non Preferred Debt2.
Subordinated Debt0.
AT1 / Preferred Debt1.
Structured Finance Notes*

*Global Markets MTN (Medium Term Notes) activity. Not eligible for MREL.

Data as of December 2023