Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 830

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 830
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1, the Group sold certain debt securities held in the portfolio of financial assets at amortised cost in order to fortify the Group’s solvency as part of a series of actions taken to improve future profitability and the quality of its balance sheet in response to the economic crisis triggered by Covid-19(see Notes 8 and 33). The “Net gain/(loss) on derivatives” heading includes, among other things, the change in the fair value of derivatives used to hedge against the foreign exchange risk of debit and credit balances denominated in foreign currencies. The results obtained from these derivatives are recognised under the heading “Gains or (-) losses on financial assets and liabilities held for trading, net” of the consolidated income statement, while the exchange differences generated by debit and credit balances denominated in foreign currencies hedged with these derivatives are recognised under the heading “Exchange differences [gain or (-) loss], net” of the consolidated income statement. Note 31 – Other operating income The composition of this heading of the consolidated income statement for the years ended 31 December 2022 and 2021 is as follows:

| Thousand euro                                              |     |      |         |     |      |         |
|                                                            |     | 2022 |         |     | 2021 |         |
| Income from use of investment properties (*)               |     |      |  23,474 |     |      |  25,785 |
| Sales and other income from the provision of non-financial 
 services                                                   |     |      |  11,522 |     |      |  11,382 |
| Other operating income                                     |     |      |  86,558 |     |      | 117,565 |
| Total                                                      |     |      | 121,554 |     |      | 154,732 |

| (*) | The amounts relate mainly to income from operating leases in which the Group acts as lessor. |

The income recognised in “Other operating income” basically corresponds to income from Group entities engaging in non-financialactivities (mostly operating leases). The reduction in the balance recorded in this heading for 2022 is mainly due to the fall in income from the vehicle leasing activity following the sale of the BanSabadell Renting, S.L.U. subsidiary, which took place in the second half of 2021, which was partially offset by the income from the insurance policies referred to in Note 32. Note 32 – Other operating expenses The composition of this heading of the