Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 558

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 558
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 effective interest rate coincides with the contractual interest rate set at the time of their acquisition, considering, where appropriate, the fees, transaction costs, premiums or discounts which, because of their nature, may be likened to an interest rate. In the case of floating-rate financial instruments, the effective interest rate coincides with the rate of return in respect of all applicable concepts until the date of the first scheduled benchmark rate revision. Financial assets at fair value through other comprehensive income This category includes financial assets that meet the following two conditions:

| – | They are managed with a business model whose objective is achieved by both collecting contractual cash flows and 
 selling financial assets; and                                                                                    |

| – | The contractual terms give rise 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 classified 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. |

A-343

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. 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 to 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 to the consolidated