Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 129

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 129
---
      |  1,053 |   |     |              |  48.5 |   |
| Corporation tax                                   |     |                      |   (469 | ) |     |      |   (270 | ) |     |              |  73.6 |   |
| Profit or loss attributed to minority interests   |     |                      |      1 |   |     |      |     11 |   |     |              | (87.1 | ) |
| Profit attributable to the Group                  |     |                      |  1,093 |   |     |      |    772 |   |     |              |  41.7 |   |

97

Banking Business United Kingdom: 2023 versus 2022 The information in this subsection has been extracted from pages 122 and 123 of Banco Sabadell’s annual report as of and for the year ended December 31, 2023. The comparative financial information as of and for the year ended December 31, 2022 included in Banco Sabadell’s annual report as of and for the year ended December 31, 2023 (and included below) has been restated to take into account the implementation of IFRS 17 (please see Note 1.4 to the consolidated financial statements of Banco Sabadell as of and for the year ended December 31, 2023). Net profit amounted to €195 million as at 2023 year-end,representing strong year-on-yeargrowth, mainly on the strength of improved net interest income and reduced provisions. In addition, €16 million were recognized in 2023 for the collection of insurance compensation in connection with the IT migration, while 2022 included the recognition of €(57) million, net, derived from the migration related incidents. Net interest income came to a total of €1,174 million, 2.0% more than in the previous year, mainly on the strength of a higher-yielding loan book due to higher interest rates and also due to the fixed-income portfolio, which offset the increased cost of funds and capital markets. At constant exchange rates, net interest income increased by 4.1%. Net fees and commissions amounted to €124 million as at the end of 2023, representing a year-on-yearreduction of 7.4%, due to a reduction in demand deposit fees. Total costs came to €(941) million, 3.5% higher year-on-year,imp