Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 303

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 303
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,444,247 |
| Debt securities issued                       |     |            | 24,684,793 |     |         |   1,980,924 |     |         | 1,069,612 |     |       |  27,735,329 |
| Total                                        
 liabilities                                  |     |            | 24,684,793 |     |         | 188,425,171 |     |         | 1,069,612 |     |       | 214,179,576 |

(*) As at 31 December 2024, the Group had other financial liabilities amounting to 6,450,130 thousand euros. 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 period 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 period-endquoted 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 30 June 2025 and 31 December 2024, there were no equity instruments valued at their acquisition cost that could be considered significant. Non-financialassets Real estate assets The methodology used by the Group to determine the fair value of real estate assets is explained in Note 6 to the 2024 consolidated annual financial statements. A-40

In the first half of 2025, there were no significant changes in the methods used to value the Group’s real estate assets. Note 7 – Cash, cash balances at central banks and other demand deposits The composition of this heading on the condensed consolidated balance sheets as at 30 June 2025 and 31 December 2024 is as follows:

| Thousand euro                  |     |            |     |            |
|                                |     | 30/06/2025 |     | 31/12/2024 |
| By nature:                     |     |            |     |            |
| Cash                           |     |    605,945 |     |    710,780 |
| Cash balances at central banks |     | 24,940,003 |     | 17,105,586 |
| Other demand deposits          |     |    812,989 |     |