Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 21

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 21
---
 the Consolidated Financial Statements of BBVA Group, all dependent companies and consolidating structured entities have been consolidated by applying the full consolidation method.

Associated companies, as well as joint ventures (those over which joint control arrangements are in place), are valued using the equity method.

The list of all the companies forming part of the Group is included in the appendices to the Consolidated Financial Statements of BBVA Group.

For the purposes of solvency regulations, the following subsidiaries form part of the consolidated group, as defined in Article 18 of the CRR:

• Credit institutions

• Investment firms

• Financial Institutions

A financial institution is a company, separate from other institutions (credit institution or investment firm), whose main activity may consist of acquiring holdings or performing one or more of the following activities:

• Loans, including in particular consumer finance, credit agreements relating to immovable property, recourse and non-recourse factoring, and financing of commercial transactions (including forfaiting)

• Financial leasing

• Payment services

• Issuing and managing other payment channels (e.g. traveler's checks and bank checks)

• Granting of guarantees and commitments

• Trading on their own account or on behalf of customers on any of the following instruments:

◦ Money market instruments (checks, bills, certificates of deposit etc.)

◦ Foreign currency

◦ Financial futures and options

◦ Foreign-exchange or interest-rate instruments

◦ Marketable securities

• Participating in the issuance of securities and the provision of corresponding services

• Advising companies with regard to capital structure, industrial strategy and related

| PILLAR 3 2024 |     | 2. GENERAL ASPECTS AND INFORMATION REQUIREMENTS |     | P.30 |

matters, as well as advice and services for mergers and acquisitions of companies

• Brokerage in the interbank markets

• Managing or advising on equity management

• Custody and administration of marketable securities

• Issuance of electronic money

This definition includes financial holding companies, mixed financial holding companies, payment institutions and asset management firms, but excludes pure industrial holding companies, insurance companies, insurance holding companies and mixed insurance holding companies.

• Auxiliary services companies: A company whose main activity is holding or management of property, management of computing services or any other similar activity of an auxiliary nature with regard to the main activity of one or more institutions (credit institution or investment firm).

Therefore, for the purposes of calculating solvency requirements, and hence the drawing up of this Prudential Re