Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 146

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 146
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 operations                                                                                                                                              8,416             6,763           24.4
Profit / (loss) from discontinued operations, net                                                                                                                                           —                 —              —
Profit / (loss)                                                                                                                                                                         8,416             6,763           24.4
Profit / (loss) attributable to parent company                                                                                                                                          8,019             6,358           26.1
Profit / (loss) attributable to non-controlling interests                                                                                                                                 397               405          (2.1)
(1)Comprises the following income statement line items contained in the Consolidated Financial Statements: “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net” and “Gains (losses) from hedge accounting, net”.
(2)Calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.
(3)Not meaningful.
The changes in the Group’s consolidated income statements for the years ended December 31, 2023 and 2022 were as follows:
Net interest income
The following table summarizes net interest income for the years ended December 31, 2023 and 2022.

                                           Year ended December 31,               
2023                                                          2022         Change
                                            (In Millions of Euros)         (In %)
Interest and other income                 47,850            31,432           52.2
Interest expense                        (24,761)          (12,309)          101.2
Net interest income                       23,089            19,124           20.7
Net interest income for the year ended December 31, 2023 amounted to €23,089 million, a 20.7% increase compared with the €19,124 million recorded for the year ended December 31, 2022, as interest and other income increased by 52.2% due mainly to the increase in yields and, to a significantly lesser extent, volumes (see “Item 4. Information on the Company—Selected Statistical Information—Average Balances and Rates”) of