Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 647

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 647
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|                                              |     | 2023 |          |     | 2022 |          |
| Exchange differences [gain or (-) loss], net |     |      | -101,093 |     |      | -127,971 |

During 2023, the Group carried out sales of certain debt securities which it held in its portfolio of financial assets at fair value through other comprehensive income, generating profits of 4,304 thousand euros (22,752 thousand euros in 2022). Of those profits, 4,930 thousand euros (22,752 thousand euros in 2022) came from the sale of debt securities held with general governments. The “Net gain/(loss) on derivatives” heading in the table above includes, among other things, the change in the fair value of derivatives used to hedge against the foreign exchange risk of debit and credit balances denominated in foreign currencies. As at 31 December 2023, the gains generated by these derivatives amounted to 143,569 thousand euros (138,796 thousand euros as at 31 December 2022), which are recognised under the heading “Gains or (-) losses on financial assets and liabilities held for trading, net” of the consolidated income statement, while the exchange differences generated by debit and credit balances denominated in foreign currencies hedged with these derivatives are recognised under the heading “Exchange differences [gain or (-) loss], net” of the consolidated income statement. Note 31 – Other operating income The composition of this heading of the consolidated income statement for the years ended 31 December 2023 and 2022 is as follows:

| Thousand euro                                              |     |      |        |     |      |         |
|                                                            |     | 2023 |        |     | 2022 |         |
| Income from use of investment properties (*)               |     |      | 22,850 |     |      |  23,474 |
| Sales and other income from the provision of non-financial 
 services                                                   |     |      | 14,264 |     |      |  11,522 |
| Other operating income                                     |     |      | 54,070 |     |      |  86,558 |
| Total                                                      |     |      | 91,184 |     |      | 121,554 |

(*) The amounts relate mainly to income from operating leases in which the Group acts as lessor. The reduction in the balance recognised under “Other operating income” is mainly due to income in