Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 676

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 676
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 following:

| – | The determination of the business models under which financial assets are managed (see Notes 1.3.3, 8 and 11). |

| – | The accounting classification of financial assets according to their credit risk (see Notes 1.3.4, 8 and 11). |

| – | Losses due to the impairment of certain financial assets (see Notes 1.3.4, 8, 11 and 26). |

| – | The assumptions used in actuarial calculations of liabilities and post-employment obligations (see Notes 1.3.17 and 
 22).                                                                                                                |

| – | The measurement of consolidated goodwill (see Notes 1.3.12 and 16). |

| – | The useful life and impairment losses of tangible assets and other intangible assets (see Notes 1.3.10, 1.3.11, 
 1.3.12, 15 and 16).                                                                                             |

| – | The provisions and consideration of contingent liabilities (see Notes 1.3.16 and 22). |

| – | The fair value of certain unquoted financial assets (see Notes 1.3.3 and 6). |

| – | The fair value of real estate assets held on the balance sheet (see Notes 1.3.9, 1.3.10, 1.3.13 and 6). |

| – | The recoverability of non-monetisable deferred tax assets and tax credits (see Notes 1.3.20 and 39). |

The conflict between Russia and Ukraine and the European energy crisis have shaped the economic environment and the performance of financial markets in 2022, injecting uncertainty into companies’ activity, which has reinforced the need to use professional judgement when assessing the impact of the existing macroeconomic situation on the aforesaid estimates, fundamentally in relation to the calculation of impairment losses on financial assets. Although the estimates are based on the information available regarding current and foreseeable circumstances, final results could differ from these estimates. 1.3 Accounting principles and policies and measurement criteria The accounting principles and policies, as well as the most significant measurement criteria applied in preparing these consolidated annual financial statements, are described below. There have been no cases in which accounting principles or measurement criteria have not been applied because of a material effect on the Group’s consolidated annual financial statements for 2022. A-563

1.3.1 Consolidation principles In