Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 637

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 637
---
holding in each, key financial data and the consolidation method used (full consolidation or equity method) in each case. Schedule II provides details of consolidated structured entities (securitisation funds). A description is provided hereafter of the business combinations, acquisitions and sales or liquidations which are most representative of investments in the capital of other entities (subsidiaries and/or investments in associates) made by the Group during 2022 and 2021. Schedule I also includes details of changes in the scope of consolidation in each financial year and the results obtained by the Group on the disposal of its subsidiaries and associates. Changes in the scope of consolidation in 2022 Additions to the scope of consolidation: There were no significant additions to the scope of consolidation in 2022. Exclusions from the scope of consolidation: There were no significant exclusions from the scope of consolidation in 2022. Changes in the scope of consolidation in 2021 Additions to the scope of consolidation: There were no significant additions to the scope of consolidation in 2021. Exclusions from the scope of consolidation:

| – | On 29 April 2021, Banco Sabadell and ALD Automotive Group entered into a long-term strategic partnership to                                                                                                                                          
 offer vehicle leasing products, allowing Banco Sabadell to improve its customer value proposition for mobility solutions, with a larger and more innovative range of vehicle leasing products. This transaction was closed on 30 November 2021 after 
 obtaining the necessary authorisations.                                                                                                                                                                                                              |

The agreement included the sale of 100% of the share capital of BanSabadell Renting, S.L.U. for 59 million euros, adjusted by the change in the company’s equity between the reference date used for ALD Automotive Group’s offer (i.e. 30 September 2020) and the closing date of the transaction. The transaction added 10 basis points to the Group’s fully-loaded Common Equity Tier 1 (CET1) ratio. The Group earned 41,907 thousand euros in profit on this transaction, which was recognised under the “Profit or (-) loss from non-currentassets and disposal groups classified as held for sale not qualifying as discontinued operations” heading of the consolidated income statement (see Note 37).

| – | On 5 October 2021, Banco Sabadell sold its entire stake held in Banc Sabadell d’Andorra, S.A., which                                                                                                                                          
 represented 50.97% of its share capital (51.61% including the proportional part of