Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 126

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 126
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314 | ) |     |      | (1.60 | ) |     |         | 257,553,459 |     |               |  (845,564 | ) |     |      | (0.33 | ) |     |         | (12,379,979 | ) |     |               | (3,088,750 | ) |     |        | (2,878,004 | ) |     |        | (210,746 | ) |
| Average total assets                        |     |                        | 245,173,480 |     |               |  4,723,217 |   |     |      |  1.93 |   |     |         | 257,553,459 |     |               | 3,798,725 |   |     |      |  1.47 |   |     |         | (12,379,979 | ) |     |               |    924,492 |   |     |        |  1,001,801 |   |     |        |  (77,309 | ) |

Financial income or expenses arising from the application of negative interest rates are recorded in line with the nature of the associated asset or liability. The credit institutions heading on the liabilities side includes negative interest rates applied to balances of credit institutions on the liabilities side, the most significant item being TLTRO III borrowing. 95

Gross Income

Net fees and commissions reached €1,386 million as at the end of 2023, representing a year-on-year reduction of 7.0%, which was mainly due to fewer service fees, as well as fewer asset management fees, particularly those charged on pension funds and insurance due to the change in the insurance
product mix.

Gains/(losses) on financial assets and liabilities and exchange differences reached a total of €68 million,
representing a reduction compared to the end of 2022, mainly due to reduced gains on trading derivatives.

Dividends received and earnings
of companies consolidated under the equity method together amounted to €131 million, compared with €156 million in the previous year, as the latter included higher earnings from BSCapital investees.

Other operating income and expenses amounted to €(447) million, compared with €(337) million in 2022. This negative
balance variation is mainly explained by the €(156) million paid for the new bank levy, booked in the first quarter of 2023, and by a