Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 805

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 805
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 |         |          — |     |         | 204,979,429 |     |         | 3,101,017 |     |       | 208,080,446 |
| Debt securities issued                      |     |         | 16,490,631 |     |         |   5,097,385 |     |         |     3,119 |     |       |  21,591,135 |
| Total liabilities                           |     |         | 16,490,631 |     |         | 210,076,814 |     |         | 3,104,136 |     |       | 229,671,581 |

(*) As at 31 December 2021, the Group had other financial liabilities amounting to 4,821,669 thousand euros. The fair value of the headings “Financial assets at amortised cost” and “Financial liabilities at amortised cost” has been estimated using the discounted cash flow method, applying market interest rates at the end of each year, with the exception of debt securities traded on active markets, for which it has been estimated using year-endmarket prices. The fair value of the heading “Cash, cash balances at central banks and other demand deposits” has been likened to its carrying amount, as these are mainly short-term balances. Financial instruments at cost As at the end of 2022 and 2021, there were no equity instruments valued at their cost of acquisition that could be considered significant. Loans and financial liabilities at fair value through profit or loss As at 31 December 2022 and 2021, there were no loans or financial liabilities recognised at fair value through profit or loss. Non-financialassets Real estate assets As at 31 December 2022 and 2021, the net carrying values of real estate assets do not differ significantly from the fair values of these assets (see Notes 13, 15 and 17). The selection criteria for valuation suppliers and the update of appraisals are defined in the section on “Guarantees”, in Note 1.3.4. to these consolidated annual financial statements. Valuation techniques are generally used by all appraisal companies based on the type of each real estate asset. As per regulatory requirements, in the valuation techniques used, the appraisal companies maximise the use of observable market data and other factors which would be taken into account by market operators when setting prices, endeavouring to keep the use of subjective considerations and unobservable or non-verifiabledata to