Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 818

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 818
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 | 2021 |         |
| Exchange differences [gain or (-) loss], net |     |      | (127,971 | ) |     |      | 187,174 |

During 2022, the Group has carried out sales of certain debt securities which it held in its portfolio of financial assets at fair value through other comprehensive income, generating profits of 22,752 thousand euros (15,412 thousand euros in 2021). 100% of these profits comes from the sale of debt securities held with general governments (4,127 thousand euros in 2021). In addition, in 2021, the Group sold certain debt securities held in the portfolio of financial assets at amortised cost in order to fortify the Group’s solvency as part of a series of actions taken to improve future profitability and the quality of its balance sheet in response to the economic crisis triggered by Covid-19(see Notes 8 and 33). The “Net gain/(loss) on derivatives” heading includes, among other things, the change in the fair value of derivatives used to hedge against the foreign exchange risk of debit and credit balances denominated in foreign currencies. The results obtained from these derivatives are recognised under the heading “Gains or (-) losses on financial assets and liabilities held for trading, net” of the consolidated income statement, while the exchange differences generated by debit and credit balances denominated in foreign currencies hedged with these derivatives are recognised under the heading “Exchange differences [gain or (-) loss], net” of the consolidated income statement. Note 31 – Other operating income The composition of this heading of the consolidated income statement for the years ended 31 December 2022 and 2021 is as follows:

| Thousand euro                                              |     |      |         |     |      |         |
|                                                            |     | 2022 |         |     | 2021 |         |
| Income from use of investment properties (*)               |     |      |  23,474 |     |      |  25,785 |
| Sales and other income from the provision of non-financial 
 services                                                   |     |      |  11,522 |     |      |  11,382 |
| Other operating income                                     |     |      |  86,558 |     |      | 117,565 |
| Total                                                      |     |      | 121,554 |     |      | 154,732 |

| (*) | The amounts relate mainly to income from operating leases