Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 252

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 6
Chunk 252
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2024 and by 5.0% in 2023. The increase in the Group’s workforce during 2024 and 2023 was mainly due to the hiring of individuals with engineering, data, client solutions and sustainability profiles in Spain, Mexico and Peru to boost the transformation areas, as well as the hiring of employees from the branch network to support business growth in Mexico and Peru.
The basic terms and conditions of employment in the private bank sector in Spain are negotiated with the unions representing bank employees in the sector. Wage negotiations take place on a sector level. This process has historically resulted in binding collective bargaining agreements for all Spanish banks and their employees. The XXV Banking Collective Bargaining Agreement (BCBA) was signed on November 12, 2024 and will remain in force until December 31, 2026.
As of December 31, 2024, 2023 and 2022, we had 119, 203 and 299 temporary employees in Spain, respectively.
Employee Pension Plans
Under the relevant collective labor agreements, BBVA and some of its subsidiaries provide supplemental pension payments to certain active and retired employees and their beneficiaries. These payments supplement social security benefits from the Spanish government. See Note 2.2.13 and Note 25 to the Consolidated Financial Statements.
E. Share Ownership
As of February 19, 2025, the members of the Board of Directors owned an aggregate of BBVA shares as shown in the table below: 

Name                                         Directly owned shares       Indirectly owned shares         Total shares         % Capital Stock
Carlos Torres Vila                                       1,731,284                             —            1,731,284                   0.030
Onur Genç *                                              1,097,374                             —            1,097,374                   0.019
José Miguel Andrés Torrecillas                              10,828                             —               10,828                   0.000
Jaime Caruana Lacorte                                       35,000                        10,000               45,000                   0.001
Enrique Casanueva Nárdiz                                         —                             —                    —                       —
Sonia Dulá *                                                 7,500                             —                7,500                   0.000
Raúl Galamba de Oliveira                                    30,000                             —               30,000                   0.001
Belén Garijo López                                               —                             —                    —                       —
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