Company: BBVXF
Filing Date: 2025-02-27
Form Type: F-4/A
Source: 0001193125-25-037317
Chunk: 261

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-27
Form: F-4/A
Chunk 261
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31 December 2024 and 2023 are as follows:

|                                      |     |                  2024 |     |                  2023 |
| Mortality tables                     |     | PER2020_Col_1er.orden |     | PER2020_Col_1er.orden |
| Discount rate, pension plan          |     |       3.00% per annum |     |       3.75% per annum |
| Discount rate, related insurance     |     |       3.00% per annum |     |       3.75% per annum |
| Discount rate, non-related insurance |     |       3.00% per annum |     |       3.75% per annum |
| Inflation                            |     |       2.00% per annum |     |       2.00% per annum |
| Rate of increase in salaries         |     |       3.00% per annum |     |       3.00% per annum |
| Employee disability                  |     |         SS90-Absolute |     |         SS90-Absolute |
| Employee turnover                    |     |        Not considered |     |        Not considered |
| Early retirement                     |     |            Considered |     |            Considered |
| Normal retirement age                |     |        65 or 67 years |     |        65 or 67 years |

In 2024, the discount rate on all commitments was determined by reference to the return on AA-ratedcorporate bonds (iBoxx €Corporates AA 7-10),with an average duration of 7.58 years (in 2023, the iBoxx €Corporates AA 10+ curve was used, with an average duration of 11.96 years). The early retirement age considered is the earliest retirement date after which pension entitlements cannot be revoked by the employer for 100% of the employees. The return on long-term assets corresponding to plan assets and reimbursement rights (pension-linked insurance contracts) was determined by applying the same discount rate used in actuarial assumptions (3.00% and 3.75% in 2024 and 2023, respectively). 1.3.18 Foreign currency transactions and exchange differences The Group’s functional and reporting currency is the euro. Consequently, all balances and transactions denominated in currencies other than the euro are treated as being denominated in a foreign currency. On initial recognition, debit and credit balances