Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 382

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 382
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 remeasurement of the non-monetaryitem. The balances of the financial statements of consolidated entities with a functional currency other than the euro are translated into euros in the following manner:

| – | Assets and liabilities are translated at the exchange rate ruling at each 
 year-end closing.                                                         |

| – | Income and expenses are translated at the average exchange rate, weighted by the volume of transactions of the 
 company whose income and expenses are being translated.                                                        |

| – | Equity is translated at historical exchange rates. |

Exchange differences arising in the translation of financial statements of consolidated entities with a functional currency other than the euro are recognised under the heading “Accumulated other comprehensive income” on the consolidated statement of equity. The exchange rates applied to translate balances denominated in foreign currency into euros are those published by the European Central Bank on 31 December of each year. 1.3.19 Recognition of income and expenses Interest income and expenses and other similar items Interest income and expenses and other similar items are generally accounted for over the period in which they accrue using the effective interest rate method, under the headings “Interest income” or “Interest expenses” of the consolidated income statement, as applicable. Dividends received from other entities are recognised as income at the time the right to receive them originates. Commissions, fees and similar items Generally, income and expenses in the form of commissions and similar fees are recognised in the consolidated income statement based on the following criteria:

| – | Those linked to financial assets and financial liabilities measured at fair value through profit or loss are 
 recognised at the time of disbursement.                                                                      |

| – | Those related to transactions carried out or services rendered over a given period of time are recognised throughout 
 that period.                                                                                                         |

| – | Those related to a transaction or service that is carried out or rendered in a single act are recognised when the 
 originating act takes place.                                                                                      |

Financial fees and commissions, which form an integral part of the effective cost or yield of a financial transaction, are accrued net of associated direct costs and recognised in the consolidated income statement over their expected average life. Assets managed by the Group but owned by third parties are not included in the balance sheet. Fees generated by this activity are recognised under the heading “Fee and commission income” in the consolidated income statement. Non-financialincome and expenses These items are recognised in the accounts upon delivery of the non-financialasset or upon provision of the non-financialservice. To determine the carrying amount and establish when this item should be recognised