Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 145

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 145
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Tax expense related to profit from continuing operations for the year ended December 31, 2024 amounted to €4,830 million, a 20.7% increase compared with the €4,003 million expense recorded for the year ended December 31, 2023, mainly due to the higher operating profit before tax in Mexico and Spain. 
Amounts paid by BBVA under the temporary tax on credit institutions and financial credit establishments in Spain are a non-deductible expense for tax purposes. 
Profit / (loss)
As a result of the foregoing, profit for the year ended December 31, 2024 amounted to €10,575 million, a 25.7% increase compared with the €8,416 million recorded for the year ended December 31, 2023.
Profit / (loss) attributable to parent company
As a result of the foregoing, profit attributable to parent company for the year ended December 31, 2024 amounted to €10,054 million, a 25.4% increase compared with the €8,019 million recorded for the year ended December 31, 2023.
Profit / (loss) attributable to non-controlling interests
Profit attributable to non-controlling interests for the year ended December 31, 2024 amounted to €521 million, a 31.2% increase compared with the €397 million profit attributable to non-controlling interests recorded for the year ended December 31, 2023.
104

BBVA Group results of operations for 2023 compared to 2022
The table below shows the Group’s consolidated income statements for 2023 and 2022. 

                                                                                                                                                                                        Year ended December 31,               
2023                                                                                                                                                                                                       2022         Change
                                                                                                                                                                                         (In Millions of Euros)         (In %)
Interest and other income                                                                                                                                                              47,850            31,432           52.2
Interest expense                                                                                                                                                                     (24,761)          (12,309)          101.2
Net interest income                                                                                                                                                                    23,089            19,124           20.7
Dividend income                                                                                                                                                                           118               123          (4.2)
Share of profit or loss of entities accounted for using the equity method                                                                                                                  26                21           27.3
Fee and commission income                                                                                                                                                               9,899             8,260           19.8
Fee and commission expense                                                                                                                                                            (3,611)           (2,888)