Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 497

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 497
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     |                                |
|                                        |     | - Non-current liabilities with covenants                  |     |                                |
| Not approved for application in the EU |     |                                                           |     |                                |
| Amendments to IAS 7 and IFRS 7         |     | Supplier finance arrangements                             |     | 1 January 2024                 |
| Amendments to IAS 21                   |     | Lack of exchangeability                                   |     | 1 January 2025                 |

The Group has carried out an assessment of the impacts resulting from these standards and decided not to exercise its option to adopt early, where possible. It is also estimated that the adoption of the amendments issued by the IASB not yet in effect will not have a significant impact for the Group. Approved for application in the EU Amendments to IFRS 16 “Lease liabilities in sale and leaseback transactions” These amendments specify the requirements that a seller-lessee must use to measure the lease liability arising from a sale and leaseback transaction to ensure that the seller-lessee does not recognise any gain or loss related to the right of use that it retains. The amendments to IFRS 16 will be applied retrospectively, with early application permitted. Amendments to IAS 1 “Presentation of financial statements” Classification of liabilities as current or non-current These amendments are designed to make clear how institutions should classify debts and other liabilities as current and non-current,in particular liabilities with no fixed maturity and those that may be converted to equity. Earlier application of these amendments is permitted. Non-currentliabilities with covenants The purpose of these amendments is to clarify how the conditions agreed in a loan (the “covenants”) affect the classification of that loan as either a current or a non-currentliability according to whether those conditions must be complied with before or after the date of the financial statements. These amendments change the “Classification of liabilities as current or non-current”and defer their effective date to 1 January 2024. Earlier application of these amendments is permitted. Not approved for application in the EU Amendments to IAS 7 and IFRS 7 “Supplier finance arrangements” The purpose of these amendments is to require institutions to provide additional breakdowns of their supplier finance arrangements. To that end, new requirements have been developed to ensure that information is provided to users of financial statements that allows them to assess how supplier finance arrangements affect the Institution’s cash flows and liabilities, and to understand the impact of those supplier finance arrangements on the Institution’s exposure