Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 373

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 373
---
     |      |   285,345 |
| From acquisition of Banco BMN Penedés assets |     |      |   245,364 |     |      |   245,364 |
| Other                                        |     |      |    13,765 |     |      |    13,765 |
| Other intangible assets:                     |     |      | 1,531,147 |     |      | 1,464,763 |
| With a finite useful life:                   |     |      | 1,531,147 |     |      | 1,464,763 |
| Private Banking Business, Miami              |     |      |     1,276 |     |      |     1,825 |
| TSB brand                                    |     |      |    13,107 |     |      |    17,509 |
| Computer software                            |     |      | 1,515,821 |     |      | 1,444,408 |
| Other                                        |     |      |       943 |     |      |     1,021 |
| Total                                        |     |      | 2,549,458 |     |      | 2,483,074 |

Goodwill As set forth in the regulatory framework of reference, Banco Sabadell carried out an analysis in 2024 to evaluate the existence of any potential impairment of its goodwill. The main transactions that generated goodwill were the acquisition of Banco Urquijo in 2006, of Banco Guipuzcoano in 2010 and of certain assets of BMN-Penedès in 2013. Banco Sabadell Group monitors the Group’s total goodwill across the ensemble of Cash-Generating Units (CGUs) that make up the Banking Business Spain operating segment. In addition, the Group considers that the United Kingdom operating segment is a CGU. A-159

The value in use of the Banking Business Spain operating segment is used to determine its recoverable amount. The valuation method used in this analysis was that of discounting future distributable net profit associated with the activity carried out by the Banking Business Spain operating segment until 2029, plus an estimated terminal value. The projections used to determine the recoverable amount are those set out in the financial projections approved by the Board of Directors. Those projections are based on sound and well-founded assumptions, which represent Management’s best estimates of overall upcoming economic conditions. To determine the key variables (basically net interest income, fees