Company: BBVXF
Filing Date: 2025-03-21
Form Type: 6-K
Source: 0000842180-25-000016
Chunk: 30

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-03-21
Form: 6-K
Chunk 30
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e. Net profit of the year attributed to the Group : the independently verified profits are included, net of any possible expense or foreseeable dividend previously authorised by the supervisor (following the treatment set out in Article 5 of Decision (EU) 2015/656 of the ECB). As of December 31, 2024, it includes the prudential accrual of €0.41 /share in cash as Shareholders remuneration related to 2024 Group results, which has been agreed by the Management Board on January, 29 , 2025 (pending approval by the General Shareholders' Meeting to be held on March 21, 2025). In addition, the execution of 993 million share buyback program is included, which is subject to obtaining the corresponding authorizations and the

communication of the specific terms and conditions of the program prior to the beginning of its execution.

Furthermore, CET1 capital is adjusted mainly through the following deductions:

f. Additional value adjustments : this includes adjustments resulting from the prudent valuation of positions at fair value, as set out in Article 105 of the CRR.

g. Intangible assets : these are included net of the corresponding tax liabilities, as set out in Article 36.1 b) and Article 37 of the CRR. It mainly includes goodwill, software and other intangible assets. The amount shall be deducted from the amount of the accounting revaluation of the intangible assets of the subsidiaries derived from the consolidation of the subsidiaries attributable to persons other than the companies included in the consolidation. This includes the positive effect due to the prudent treatment of software following the publication of Delegated Regulation 2020/2176 of December 22.

h. Deferred tax assets : it includes deferred tax assets that rely on future profitability and do not rise from temporary differences (net of the corresponding tax liabilities when the conditions established in Article 38.3 of the CRR are met), as per Article 36.1 c) and Article 38 of the CRR, mainly loss carryforwards (LCFs).

i. Reserves at fair value related to losses or gains from cash flow hedging : includes value adjustments of cash flow hedging of financial instruments not valued at fair value, including expected cash flows in accordance with Article 33 a) of the CRR.

j. Negative amounts due to the calculation of the expected losses : the default provision on expected losses in exposure weighted by method based on internal ratings, calculated in accordance with Article 36.1 d