Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 701

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 701
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 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. currently in TSB linked to existing customers at the time of its acquisition by the Bank was compared against the estimated balance that those customers would have at the end of 2023, forecast at the time of the initial valuation. Based on this comparison, it was concluded that there was no evidence of any impairment. As at 31 December 2023, contractual relationships with TSB customers were fully amortised (as at 31 December 2022, the carrying amount came to 17,727 thousand euros). The value of the right to the exclusive use of the TSB brand was also estimated at an initial amount of 73,328 thousand euros. The value attributable to this asset was determined through the replacement cost method, consisting of establishing the cost of rebuilding or acquiring an exact replica of the asset in question. This asset is amortised over a period of 12 years. The assessment of the recoverable amount of the TSB CGU included an implicit valuation of the brand, concluding that there was no impairment. The carrying amount of the TSB brand amounted to 17,509 thousand euros as at 31 December 2023 (22,056 thousand euros as at 31 December 2022). Computer software Computer software costs include mainly the capitalised costs of developing the Group’s computer software and the cost of purchasing software licences. R&D expenditure in 2023 and 2022 was not significant. Movements Movements in goodwill in 2023 and 2022 were as follows:

| Thousand euro                  |     |          |           |     |            |   |     |       |           |
|                                |     | Goodwill |           |     | Impairment |   |     | Total |           |
| Balance as at 31 December 2021 |     |          | 1,026,457 |     |            | — |     |       | 1,026,457 |
| Additions                      |     |          |       353 |     |            | — |     |       |       353 |
| Disposals                      |     |          |         — |     |            | — |     |       |         — |
| Balance as at 31 December 2022 |     |          | 1,026,810 |     |            | — |     |       | 1,026,810 |
| Additions                      |     |          |         — |