Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 152

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 152
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 liabilities. |

| • |     | The fair value of certain unquoted financial assets. |

110

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.

| • |     | The fair value of real estate assets held on the balance sheet. |

| • |     | The recoverability of non-monetizable deferred tax assets and tax 
 credits.                                                          |

The estimates are based on the best knowledge to hand about current and foreseeable circumstances, taking into account the uncertainties stemming from the existing economic and geopolitical environment and, consequently, the final results could differ from these estimates, particularly in relation to impairment losses on certain financial assets and off-balance sheet exposures. Future events may therefore make it necessary to modify these estimates, which would involve recording the effects of such estimation changes, if any, in the Group’s consolidated financial statements on a forward-looking basis, in accordance with applicable regulations. Accounting Principles and Policies and Measurement Criteria The information in this subsection has been extracted from page 20 of Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024, reproduced herein on page A-107. See also Note 1.3 to the consolidated financial statements as of and for the year ended December 31, 2024. The accounting principles and policies, as well as the most significant measurement criteria applied when preparing Banco Sabadell’s consolidated financial statements, are described in Note 1.3 to Banco Sabadell’s consolidated financial statements as of and for the year ended December 31, 2024. There are no cases in which accounting principles or measurement criteria have not been applied because of a significant effect on the Group’s consolidated annual financial statements for 2024. IV. Quantitative and Qualitative Disclosure About Market Risk For quantitative and qualitative disclosures about market risk, foreign exchange risk and other risks, see Notes 4.4 and 12 to Banco Sabadell’s consolidated financial statements as of and for the years ended December 31, 2024, 2023 and 2022 included herein. 111

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.

BACKGROUND OF THE EXCHANGE OFFER

In 2020, BB