Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 78

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 78
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 the preparation of the Consolidated Financial Statements do not differ significantly from those detailed in Note 2 to the consolidated financial statements of the Group for the year ended December 31, 2024, except for the application of IFRS 9 requirements to hedge accounting relationships as of January 1, 2025 (see Note 2.3).

The BBVA Group decided to transition to the IFRS 9 accounting framework for micro-hedge accounting as of January 1, 2025. This decision was motivated by the fact that this option better aligns with the BBVA Group's risk management strategy. IFRS 9 introduces changes to IAS 39 in various areas, such as hedged items, hedging instruments, accounting for the time value of options and forward items, hedge rebalancing, and hedge effectiveness assessments, which facilitate and expand the transactions to which hedge accounting can be applied.

The BBVA Group has adapted its accounting policies and processes to the new regulations. A procedure has been established to document the requirements for recognizing an economic hedge as hedge accounting, such as the clear identification of the hedged items and hedging instruments and the assessment of the hedge's effectiveness, and to support evidence of the entity’s intention to manage its risk through these instruments.

The adoption of this accounting policy has not had any significant impact on the Group's consolidated financial statements.

With respect to the accounting of macro-hedging relationships, the Group maintains the criteria established in IAS 39.

The standards that came into effect on January 1, 2025, as well as the standards issued by the International Accounting Standards Board (IASB) but not yet in effect as of September 30, 2025, respectively, are listed below. The most notable standards are:

<div align='center'>F-11</div>

#### 2.1.
Standards and interpretations that became effective in the first nine months of 2025

Amendment to IAS 21 "Effects of Changes in Foreign Exchange Rates"

On August 15, 2023, the IASB issued a series of amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates. The standard has a dual objective: to provide guidance on when one currency is convertible into another and, on how to determine the exchange rate to use in accounting when it is concluded that such convertibility does not exist.

Regarding the first objective, a currency is convertible into another currency when an entity can obtain the other currency within a timeframe that