Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 323

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 323
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            |      1,295 |
| Other financial asset value adjustments                                           |     |            |      7,470 |     |            |      2,501 |
| Other                                                                             |     |            |     67,783 |     |            |     66,269 |
| Total                                                                             |     |            |    125,616 |     |            |    120,736 |

According to the information available as at the sign-offdate of these condensed consolidated interim financial statements and the projections taken from the Group’s business plan for the coming years, it is estimated that the taxable income generated will be sufficient to offset tax loss carry-forwards by the end of 2027 and non-monetisable tax assets, where these can be deducted according to current tax regulations, within a maximum period of ten years. Monetisable tax assets are guaranteed by the State; therefore, their recoverability does not depend on the generation of future tax benefits. Tax on net interest and commission income of certain financial institutions Final Provision Nine of Law 7/2024 of 20 December established a tax on the net interest and commission income of certain financial institutions ( lmpuesto sabre el Margen de lntereses y Comisiones, or IMIC). This tax, which is direct and progressive, is levied on the net interest and commission income arising from the activity in Spain of credit institutions, financial credit establishments and branches of foreign credit institutions obtained, respectively, in the tax periods beginning in the years 2024, 2025 and 2026. In terms of the tax rate, this is established on a scale which, after reducing the tax base by 100 million euros, includes five brackets: 1%, 3.5%, 4.8%, 6% and 7% (maximum rate applicable to the taxable base above 5 billion euros). From the total amount resulting from the above scale, 25% of net corporation tax for the same tax period will be deducted, thereby obtaining the net tax payable, to which an extraordinary deduction will be applied, indexed to the taxpayer’s total Return on Assets (ROA), where this is below 0.7%. On 25 December 2024, Royal Decree-Law9/2024 of 23 December came into force, modifying the tax accrual date, which had initially been established as the day following the end of the tax period, and setting it as the last calendar day of the month following the end of said