Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 310

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 310
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 also requires Management to use its best judgement in the process of applying the Group’s accounting policies. Such judgements and estimates may affect the value of assets and liabilities and the disclosure of contingent assets and contingent liabilities as at the date of the consolidated annual financial statements, as well as income and expenses in the year. The main judgements and estimates relate to the following:

| – | The accounting classification of financial assets and off-balance sheet   
 exposures according to their credit risk (see Notes 1.3.4, 8, 11 and 26). |

| – | Impairment losses on certain financial assets and off-balance sheet exposures 
 (see Notes 1.3.4, 4.4.2.5, 8, 11 and 26).                                     |

A-105

| – | 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 estimates are based on the best knowledge to hand about current and foreseeable circumstances, taking into account the uncertainties stemming from the existing economic and geopolitical environment and, consequently, the final results could differ from these estimates, particularly in relation to impairment losses on certain financial assets and off-balancesheet exposures. Future events may therefore make it necessary to modify these estimates, which would involve recording the effects of such estimation changes, if any, in the Group’s consolidated financial statements on a forward-looking basis, in accordance with applicable regulations. The macroeconomic scenarios considered by the Group