Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 906

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 906
---
 | -610,249 |

Deferred tax assets and liabilities Under current tax and accounting regulations, certain temporary differences should be taken into account when quantifying the relevant tax expense related to profit from continuing operations. In 2013, Spain made a provision (Royal Decree-Law14/2013) for tax assets generated by allowances for the impairment of loans and other assets arising from the potential insolvency of debtors not related to the relevant taxable person, as well as those corresponding to contributions or provisions in respect of social welfare systems and, where appropriate, early retirement schemes, to be afforded the status of assets guaranteed by the Spanish State (hereinafter, “monetisable tax assets”). Monetisable tax assets can be converted into credit enforceable against the Spanish Tax Authority in cases where the taxable person incurs accounting losses or the institution is liquidated or legally declared insolvent. Similarly, they can be exchanged for public debt securities, once the 18-yearterm has elapsed, calculated from the last day of the tax period in which these assets were recognised in the accounting records. To retain the State guarantee, in order to keep their status as monetisable tax assets, deferred tax assets generated before 2016 are subject to an annual capital contribution of 1.5% of the deferred tax assets that meet the legal requirements. A-736

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. Movements of deferred tax assets and liabilities during 2022 and 2021 are shown below:

| Thousand euro                                      |     |             |           |     |                 |           |     |                 |         |     |             |         |     |       |           |
| Deferred tax assets                                |     | Monetisable |           |     | Non-monetisable |           |     | Tax credits for 
 losses carried  
 forward         |         |     | Deductions  
 not applied |         |     | Total |           |
| Balances as at 31 December 2020                    |     |             | 5,058,732 |     |                 | 1,066,199 |     |                 | 483,831 |     |             |  35,975 |     |       | 6,644,737 |
| (Debit) or credit recorded in the income statement |     |             |   -17,762 |