Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 685

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 685
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 on specified dates to cash flows that are solely payments of principal and interest 
 on the principal amount outstanding.                                                                                |

These financial assets primarily correspond to debt securities. Furthermore, the Group may opt, at initial recognition and irrevocably, to include in the portfolio of financial assets at fair value through other comprehensive income investments in equity instruments that should not be classed as held for trading and which would otherwise be classified as financial assets mandatorily at fair value through profit or loss. This option is exercised on an instrument-by-instrumentbasis. Income and expenses from financial assets at fair value through other comprehensive income are recognised in accordance with the following criteria:

| – | Interest accrued or, where applicable, dividends accrued are recognised in the consolidated income statement. |

| – | Exchange differences are recognised in the consolidated income statement when they relate to monetary financial 
 assets, or through other comprehensive income when they relate to non-monetary financial assets.                |

| – | Losses due to impairment of debt instruments, or gains due to their subsequent recovery, are recognised in the 
 consolidated income statement.                                                                                 |

| – | Other changes in value are recognised through other comprehensive income. |

When a debt instrument measured at fair value through other comprehensive income is derecognised from the balance sheet, the fair value change recognised under the heading “Accumulated other comprehensive income” of the consolidated statement of equity is reclassified into the consolidated income statement. However, when an equity instrument measured at fair value through other comprehensive income is derecognised from the balance sheet, this amount is not reclassified into the consolidated income statement, but rather to reserves. Financial assets at fair value through profit or loss A financial asset is classified in the portfolio of financial assets at fair value through profit or loss whenever the business model used by the Group for its management or the characteristics of its contractual cash flows make it inadvisable to classify it into any of the other portfolios described above. A-569

This portfolio is in turn subdivided into:

| – | Financial assets held for trading |

Financial assets held for trading are those which have been acquired for the purpose of realising them in the near term, or which form part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent pattern of short-term profit-taking. Financial assets held for trading also include derivative instruments that do not meet the definition of a financial guarantee contract and which have not been designated as hedging instruments.

| – | Non-trading financial assets mandatorily