Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 471

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 471
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 fair value less selling costs. The total allowance for the impairment of non-currentassets held for sale in 2024 and 2023 was calculated based on Level 2 valuations (see Note 6). The fair value of impaired assets amounted to 500,921 thousand euros and 554,978 thousand euros as at 2024 and 2023 year-end,respectively. Note 38 – Segment reporting Segmentation criteria This section gives information regarding earnings and other indicators of the Group’s business units. In 2024, the criteria that Banco Sabadell Group uses to report on results for each segment are those established in 2023, specifically:

| – | Three geographical areas: Banking Business in Spain, United Kingdom and Mexico. Banking Business Spain includes 
 foreign branches and representative offices.                                                                    |

| – | Each business unit is allocated capital equivalent to 13% of its risk-weighted assets in 2024 (12% in 2023),                       
 assigning all deductions corresponding to each business unit, and the surplus of own funds is allocated to Banking Business Spain. |

In terms of the other criteria applied, segment information is first structured with a breakdown by geographical area and then broken down according to the customers at which each segment is aimed. The information presented herein is based on the standalone accounting records of each Group company, after all consolidation disposals and adjustments have been made. Each business unit bears its own direct costs, calculated on the basis of general accounting records. A-277

Details of profit attributable to the Group and other key figures of each business unit for the years 2024 and 2023 are shown in the table below, along with a reconciliation of the totals shown in the table with those shown in the consolidated accounts:

| Million euro                                                    |     |                  |        |     |                  |       |     |                  |       |     |             |        |
|                                                                 |     | 2024 (*)         |        |     |                  |       |     |                  |       |     |             |        |
|                                                                 |     | Banking Business 
 Spain            |        |     | Banking Business 
 UK               |       |     | Banking Business 
 Mexico           |       |     | Total Group |        |
| Net interest income                                             |     |                  |  3,652 |     |                  | 1,163 |     |                  |   206 |     |             |  5,021 |
| Fees and commissions, net                                       |     |                  |  1