Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 114

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 114
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 risk. |

| • |     | Impairment losses on certain financial assets and off-balance sheet 
 exposures.                                                          |

| • |     | The assumptions used in actuarial calculations of liabilities and post-employment obligations. |

| • |     | The measurement of consolidated goodwill. |

| • |     | The useful life and impairment losses of tangible assets and other intangible assets. |

| • |     | The provisions and consideration of contingent liabilities. |

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

| • |     | 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-18. 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. 89

BACKGROUND OF THE EXCHANGE OFFER

In 2020,