Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 157

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 157
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 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 been recognized under the heading “Profit / (loss) from discontinued operations, net and Other”. However, for purposes of the Group financial statements, such losses are presented under the headings “Gains (losses) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations”, which is included in “Provisions or reversal of provisions and other results” and “Impairment or reversal of impairment on non-financial assets” in the table above (totaling €134 million loss), and “Tax expense or income related to profit or loss from continuing operations” (€67 million expense).
(2)Includes “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.
(3)Includes “Dividend income”, “Share of profit or loss of entities accounted for using the equity method”, “Income from insurance and reinsurance contracts”, “Expense from insurance and reinsurance contracts”, “Other operating income” and “Other operating expense”.
(4)“Net margin before provisions” is calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.
116

Results of Operations by Operating Segment for 2024 Compared with 2023
SPAIN

                                                                                                                                                              For the year ended December 31,               
2024                                                                                                                                                                                     2023         Change
                                                                                                                                                                       (In Millions of Euros)         (In %)
Net interest income                                                                                                                                             6,435                   5,620           14.5
Net fees and commissions                                                                                                                                        2,329                   2,164            7.7
Net gains (losses) on financial assets and liabilities and Exchange differences, net (1)                                                                          675                     409           64.9
Other operating income and expense, net                                                                                                                         (329)                   (665)         (50.5)
Income