Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 735

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 735
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ee. For control to exist, the following criteria must be met:

| – | Power: an investor has power over an investee when that investor holds rights which provide them with the ability to 
 lead significant activities, i.e. those that significantly affect the investee’s returns.                            |

| – | Returns: an investor is exposed, or is entitled, to variable returns due to their involvement in the investee when                                                                               
 the returns obtained from such involvement may vary depending on the investee’s economic performance. The investor’s returns may be only positive, only negative, or both positive and negative. |

| – | Relationship between power and returns: an investor controls an investee if the investor not only has power over the                                                                                                              
 investee and is exposed, or is entitled, to variable returns due to their involvement with the investee, but also has the ability to use that power to influence the returns obtained due to their involvement with the investee. |

When the Group takes control of a subsidiary, it applies the acquisition method provided for in the regulations governing business combinations (see Note 1.3.2) except in the case of acquisitions of an asset or a group of assets. The financial statements of subsidiaries are consolidated with the Bank’s financial statements using the full consolidation method. The third-party ownership of the Group’s consolidated equity is shown in the heading “Non-controllinginterests” of the consolidated balance sheet and the part of the profit or loss for the year attributable to these interests is presented under the heading “Profit or loss for the year - Attributable to minority interest [non-controllinginterests]” in the consolidated income statement. Joint ventures These are entities subject to joint control agreements whereby decisions on significant activities are made unanimously by the entities which share control. Investments in joint ventures are accounted for by the equity method i.e. they are accounted for in terms of the fraction of equity represented by the share held in their capital stock, after taking account of any dividends received from them and any other equity disposals. The Group has not held investments in joint ventures in 2022 and 2021. Associates Associates are entities over which the Group exerts significant influence which generally, although not exclusively, takes the form of a direct or indirect interest representing 20% or more of the investee’s voting rights. In the consolidated annual financial statements, associates are accounted for using the equity method. The above notwithstanding, when the Group’s investment in an associate is held directly by, or is held indirectly through,