Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 266

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 266
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| IFRS 18 (*)                            |     | Presentation and disclosure in financial statements                         |     | 1 January 2027      |
| IFRS 19 (*)                            |     | Subsidiaries without public accountability: disclosures                     |     | 1 January 2027      |

| (*) | The consolidated annual financial statements for the year 2024 include a brief description of these amendments. |

Except for the potential impact on presentation and disclosure resulting from the adoption of IFRS 18, it is estimated that the adoption of the amendments issued by the IASB not yet in effect will not have a significant impact for the Group. A-14

1.4 Use of judgements and estimates in preparing the condensed consolidated interim financial statements The preparation of the condensed consolidated interim financial statements requires certain accounting estimates to be made. It also requires the use of professional judgement when applying the Group’s accounting policies. Such judgements and estimates may affect the value of assets and liabilities and the disclosure of contingent assets and contingent liabilities as at the date of the condensed consolidated interim financial statements, as well as the income and expenses during the period to which they relate. The main judgements and estimates made in these condensed consolidated interim financial statements relate to the following items:

| – | The fair value of certain unquoted financial assets (see Note 6). |

| – | The fair value of real estate assets held on the balance sheet (see Note 6). |

| – | The accounting classification of financial assets and off-balance sheet 
 exposures according to their credit risk (see Notes 8, 10 and 20).      |

| – | Impairment losses on certain financial assets and off-balance sheet exposures 
 (see Notes 8, 10 and 20).                                                     |

| – | The useful life and impairment losses of tangible assets and other intangible assets (see Notes 11 and 12). |

| – | The measurement of goodwill on consolidation (see Note 12). |

| – | The assumptions used in actuarial calculations of liabilities and post-employment obligations (see Note 18). |

| – | The provisions and consideration of contingent liabilities (see Note 18). |

| – | The recoverability of non-monetisable deferred tax assets and tax credits (see Note 32). |

| – | Corporation tax expense, which, in accordance with IAS 34, is recognised in interim periods based on the best 
 estimate of