Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 698

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 698
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 990,659 |
| Fixed-rate assets                          |     |             | -825,461 |     |              | 1,124,153 |     |             | 2,109,211 |     |              | -2,094,877 |
| Total                                      |     |             | -621,464 |     |              |   640,421 |     |             | 1,722,298 |     |              | -1,703,643 |

A-468

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. In cash flow hedges, the amounts recognised in the consolidated statement of equity during the year and the amounts derecognised from consolidated equity and included in profit and loss during the year are indicated in the consolidated statement of total changes in equity. The ineffectiveness of cash flow hedges recognised in profit or loss for 2023 amounted to losses of 6,763 thousand euros (losses of 804 thousand euros in 2022). As at 31 December 2023, the Group holds embedded derivatives that have been separated from their host contracts and recognised under the headings “Derivatives – Hedge accounting” on the asset side and on the liabilities side of the consolidated balance sheet in the amount of 18,322 thousand euros and 173,828 thousand euros, respectively (33,586 thousand euros and 46,917 thousand euros, respectively, as at 31 December 2022). The host contracts of those embedded derivatives correspond to customer deposits and debt securities issued and they have been allocated to the portfolio of financial liabilities at amortised cost. Note 13 – Non-current assets and disposal groups classified as held for sale The composition of this heading in the consolidated balance sheets as at 31 December 2023 and 2022 was as follows:

| Thousand euro                                                  |     |      |          |     |      |          |
|                                                                |     | 2023 |          |     | 2022 |          |
| Assets                                                         |     |      |  991,045 |     |      |  951,792 |
| Loans and advances                                             |     |      |    6,328 |     |      |   10,337 |
| Customers                                                      |     |      |    6,328 |     |      |   10,337 |
|