Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 80

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 80
---
 policy option to derecognize before that date financial liabilities that are settled using an electronic payment system. Finally, additional disclosures are required by IFRS 7 for financial instruments with contingent features and equity instruments classified at fair value through other comprehensive income.

<div align='center'>F-12</div>

The amendments will enter into force on January 1, 2026, and may be applied early, as they were adopted by the European Union. No significant impact on the financial statements is expected from the entry into force of the amendments.

IFRS 19 "Subsidiaries without public accountability: Disclosures"

On May 9, 2024, the IASB issued IFRS 19 "Subsidiaries Without Public Accountability: Disclosures" which allows certain eligible entities to elect to apply the reduced disclosure requirements of IFRS 19 while continuing to apply the recognition, measurement and presentation requirements of other IFRS accounting standards.

This new standard will enter into force on January 1, 2027, allowing for earlier application once it is adopted by the European Union. The Group has no entities that fall within the scope of this standard, so no significant impact on the financial statements is expected.

Amendments to IFRS 9 and IFRS 7: Contracts that refer to nature-dependent electricity

On December 18, 2024, the IASB issued amendments to IFRS 9 and IFRS 7 to address the accounting for renewable electricity purchase agreements. The amendments include guidance on the "own use" exemption for electricity purchasers and requirements for applying hedge accounting to these agreements.

The amendments enter into force on January 1, 2026, although they can be applied earlier since they were adopted by the European Union on June 30, 2025. No significant impacts on the financial statements are expected from the entry into force of the amendments.

#### 2.3.

#### IFRS 9 “Financial Instruments”
Transition to IFRS 9 for accounting for micro hedges

On January 1, 2018, IFRS 9, which replaced IAS 39 with respect to the classification and measurement of financial assets and liabilities, credit impairment, and hedge accounting, entered into force. However, the Group chose to continue applying IAS 39 for hedge accounting, as permitted by IFRS 9, pending the approval of a new accounting standard for macro hedges. On January 1, 2025, the