Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 124

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 124
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 total of €87 million, representing an increase compared to the end of 2023, mainly due to higher gains on derivatives. Dividends received and earnings of companies consolidated under the equity method amounted to €166 million, compared with €131 million in the previous year due to a higher contribution from the insurance business and greater earnings from BSCapital investees. Other operating income and expenses amounted to €(294) million, compared to €(447) million in 2023. The positive year-on-year variation is mainly explained by the fact that in the previous year €(132) million were recognized for the contribution to Banco Sabadell’s Deposit Guarantee Fund (DGF) and €(76) million for the contribution to the Single Resolution Fund (SRF), which offset the negative variation caused by the recognition of a more severe impact of the bank levy in 2024, which was €(192) million compared to €(156) million recognized in the previous year. Pre-provisions Income Total costs stood at €(3,084) million as at year-end 2024, representing an increase of 2.3% year-on-year. Recurring costs rose by 2.7% year-on-year, due to an increase in both staff expenses and general expenses, which partially counterbalanced the reduction in amortization/depreciation. 90

The cost-to-income ratio including amortization/depreciation for 2024 improved, standing at
48.7% compared to 51.4% in 2023.

Core results (net interest income + fees and commissions – recurrent costs) improved in the year,
standing at €3,315 million as at 2024 year-end, having grown by 6.0% year-on-year as a result of the good evolution of net interest income.

Total provisions and impairments amounted to €(714) million as at the end of 2024, compared to €(910) million at the end
of the previous year, representing a reduction of 21.6%, mainly due to fewer provisions for loan losses.

Capital gains on asset sales and
other revenue amounted to €(26) million as at the end of 2024. The positive year-on-year change is due to the recognition of lower IT asset write-offs.

Profit Attributable to the Group

After deducting corporation tax and minority interests, net profit attributable to the Group amounted to €1,827 million as at the end
of 2024, growing 37