Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 829

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 829
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 80 million euros as at 31 December 2022 (57 million euros as at 31 December 2021).

| – | Provisions to cover the anticipated costs relating to restructuring plans in Spain announced in previous years and                          
 pending final implementation amounting to 56 million euros as at 31 December 2022 (274 million euros as at 31 December 2021) – see Note 33. |

| – | Provisions allocated to provide compensation to certain TSB customers in arrears who received financial support that                                                                                                                         
 could have been detrimental to them during the 2013-2020 period. The estimated potential cost of compensation payable, which includes compensatory interest and associated operational costs, amounted to 78 million euros as at 31 December 
 2022 (65 million euros as at 31 December 2021).                                                                                                                                                                                              |

| – | Provisions to cover the anticipated costs relating to restructuring plans in TSB announced in previous years and             
 pending final implementation amounting to 13 million euros as at 31 December 2022 (28 million euros as at 31 December 2021). |

The final disbursement amount and the payment schedule are uncertain due to the difficulties inherent in estimating the factors used to determine the amount of the provisions set aside. A-711

Pensions and similar obligations The origins of liabilities recognised in respect of post-employment benefits and other similar long-term obligations on the Group’s balance sheet are shown below:

| Thousand euro                                            |     |      |          |     |      |          |     |      |          |     |      |          |     |      |          |
|                                                          |     | 2022 |          |     | 2021 |          |     | 2020 |          |     | 2019 |          |     | 2018 |          |
| Obligations arising from pension and similar commitments |     |      |  565,046 |     |      |  739,456 |     |      |  819,789 |     |      |  803,905 |     |      |  768,695 |
| Fair value of plan assets                                |     |      | -501,492 |     |      | -652,786 |     |      | -716,128 |     |      | -697,621 |     |      | -667,835 |
| Net liability recognised on balance sheet                |     |      |   63,554 |     |