Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 156

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 156
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% of operating profit before tax for the year ended December 31, 2023 and 34.1% for the year ended December 31, 2022.
Profit / (loss)
As a result of the foregoing, profit for the year ended December 31, 2023 amounted to €8,416 million, a 24.4% increase compared with the €6,763 million recorded for the year ended December 31, 2022.
Profit / (loss) attributable to parent company
As a result of the foregoing, profit attributable to parent company for the year ended December 31, 2023 amounted to €8,019 million, a 26.1% increase compared with the €6,358 million recorded for the year ended December 31, 2022.
Profit / (loss) attributable to non-controlling interests
Profit attributable to non-controlling interests for the year ended December 31, 2023 amounted to €397 million, a 2.1% decrease compared with the €405 million profit attributable to non-controlling interests recorded for the year ended December 31, 2022.
Results of Operations by Operating Segment
The information contained in this section is presented under management criteria.
The tables set forth below show the income statements of our operating segments and Corporate Center for the years indicated. In addition, such income statements are reconciled to the consolidated income statement of the Group. The “Adjustments” column in the tables for such years shows the differences between the Group consolidated income statement and the income statements of our operating segments and Corporate Center, which are calculated in accordance with management operating segment reporting criteria. In particular:
•in 2024 and 2023, there were no differences between the Group consolidated income statement and the income statements of our operating segments and Corporate Center calculated in accordance with management operating segment reporting criteria; and
•in 2022, such differences correspond mainly to the loss recorded in connection with the acquisition by BBVA of Tree Inversiones Inmobiliarias, SOCIMI, S.A. on June 15, 2022 amounting to €201 million, net of taxes (see “—Factors Affecting the Comparability of our Results of Operations and Financial Condition—Purchase of Tree Inversiones Inmobiliarias, SOCIMI, S.A.”). In this section, information relating to the Spain operating segment for the year ended December 31, 2022 has been presented under management criteria pursuant to which such losses have