Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 318

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 318
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 value, 2029 was taken as the reference year, using a growth rate in perpetuity of 1.7% (same percentage as in 2024), which does not exceed the long-term average growth rate of the market in which the operating segment is active. The discount rate used was 12.2% (12.1% in 2024), determined using the CAPM method; it therefore comprises a risk-free rate plus a premium that reflects the inherent risk of the operating segment being evaluated. The evaluation did not reveal the need to recognise any impairment in the value of these assets. In addition, as indicated in Note 35, on 1 July 2025 the Bank agreed to sell all shares representing the share capital of TSB Banking Group pic to Banco Santander, S.A., the offer made by the latter being above the carrying amount of the net assets contributed by TSB Banking Group pic and its subsidiaries to the Group’s consolidated balance sheet as at 30 June 2025. A-48

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. Note 13 – Other assets and liabilities The composition of the “Other assets” heading as at 30 June 2025 and 31 December 2024 is as follows:

| Thousand euro                          |     |            |         |     |            |         |
|                                        |     | 30/06/2025 |         |     | 31/12/2024 |         |
| Insurance contracts linked to pensions |     |            |  78,340 |     |            |  80,888 |
| Inventories                            |     |            |  37,881 |     |            |  43,776 |
| Rest of other assets                   |     |            | 381,709 |     |            | 300,066 |
| Total                                  |     |            | 497,930 |     |            | 424,730 |

The “Rest of other assets” item includes mainly prepaid expenses, the accrual of customer fees and commissions, and transactions in progress pending settlement. The composition of the “Other liabilities” heading as at 30 June 2025 and 31 December 2024 is as follows:

| Thousand euro             |     |            |         |     |            |         |
|                           |     |