Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 460

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 460
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 Level 3 |   |     | Total |             |
| Liabilities:                                |     |         |            |     |         |             |     |         |   |     |       |             |
| Financial liabilities at amortised cost (*) |     |         |            |     |         |             |     |         |   |     |       |             |
| Deposits (**)                               |     |         |          — |     |         | 183,661,142 |     |         | — |     |       | 183,661,142 |
| Debt securities issued                      |     |         | 20,405,507 |     |         |   4,966,959 |     |         | — |     |       |  25,372,466 |
| Total liabilities                           |     |         | 20,405,507 |     |         | 188,628,101 |     |         | — |     |       | 209,033,608 |

(*) As at 31 December 2023, the Group had other financial liabilities amounting to 6,333,286 thousand euros. (**) The fair value of demand deposits has been likened to their carrying amount as they are mainly short-term balances. In general, the fair value of “Financial assets at amortised cost” and “Financial liabilities at amortised cost” has been estimated using the discounted cash flow method, applying market interest rates as at the end of each year adjusted for the credit spread and incorporating any behavioural assumptions deemed relevant, with the exception of debt securities with active markets, for which it has been estimated using year-end quoted prices. The fair value of the heading “Cash, cash balances at central banks and other demand deposits” has been likened to its carrying amount, as these are mainly short-term balances. Financial instruments at cost As at the end of 2024 and 2023, there were no equity instruments valued at their acquisition cost that could be considered significant. Non-financial assets Real estate assets As at 31 December 2024 and 2023, the net carrying amounts of real estate assets did not differ significantly from the fair values of these assets (see Notes 13, 15 and 17). The selection criteria for appraisers and the update of appraisals are defined in the section on “Guarantees”, in Note 1.3.4. to these consolidated annual financial statements. Valuation techniques are generally used by all appraisal companies