Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 217

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 217
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| Amendments to IAS 21                   |     | Lack of exchangeability                                                     |     | 1 January 2025                 |
| Not approved for application in the EU |     |                                                                             |     |                                |
| Amendments to IFRS 9 and IFRS 7        |     | - Amendments to the classification and measurement of financial instruments |     | 1 January 2026                 |
|                                        |     | - Contracts referencing nature-dependent electricity                        |     |                                |
| Annual improvements to IFRS            |     | Volume 11                                                                   |     | 1 January 2026                 |
| IFRS 18                                |     | Presentation and disclosure in financial                                    
 statements                                                                  |     | 1 January 2027                 |
| IFRS 19                                |     | Subsidiaries without public accountability: disclosures                     |     | 1 January 2027                 |

Except for the potential impact on presentation and disclosure resulting from the adoption of IFRS 18, it is estimated that the adoption of the amendments issued by the IASB not yet in effect will not have a significant impact for the Group. Approved for application in the EU Amendments to IAS 21 “Lack of exchangeability” These amendments aim to require institutions to apply a consistent approach in assessing whether a currency can be exchanged into another currency and, when it cannot, in determining the exchange rate to use and the disclosures to provide. Earlier application of these amendments is permitted. If they are applied to a period prior to the date of mandatory application, the Institution must indicate this. Not approved for application in the EU Amendments to IFRS 9 and IFRS 7 “Amendments to the classification and measurement of financial instruments” These amendments form part of the post-implementation review of the classification and measurement requirements of IFRS 9 “Financial instruments”, as well as the requirements related to IFRS 7 “Financial instruments: disclosures”. The main changes to the requirements relate to:

| – | settling financial liabilities using an electronic payment system; and |

| – | assessing contractual cash flow characteristics of financial assets, including those with Environmental, Social and 
 Governance (ESG)-linked features.                                                                                   |

The amendments also concern the disclosure requirements relating to investments in equity instruments designated at fair value through other comprehensive income and include additional disclosure requirements for financial instruments with contingent characteristics that do not relate directly to the risks and costs of a basic lending arrangement. The application of the amendments to IFR