Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 321

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 321
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 and off-balance sheet exposures 
 (see Notes 1.3.4, 4.4.2.5, 8, 11 and 26).                                     |

A-105

| – | The assumptions used in actuarial calculations of liabilities and post-employment obligations (see Notes 1.3.17 and 
 22).                                                                                                                |

| – | The measurement of consolidated goodwill (see Notes 1.3.12 and 16). |

| – | The useful life and impairment losses of tangible assets and other intangible assets (see Notes 1.3.10, 1.3.11, 
 1.3.12, 15 and 16).                                                                                             |

| – | The provisions and consideration of contingent liabilities (see Notes 1.3.16 and 22). |

| – | The fair value of certain unquoted financial assets (see Notes 1.3.3 and 6). |

| – | The fair value of real estate assets held on the balance sheet (see Notes 1.3.9, 1.3.10, 1.3.13 and 6). |

| – | The recoverability of non-monetisable deferred tax assets and tax credits 
 (see Notes 1.3.20 and 39).                                                |

The estimates are based on the best knowledge to hand about current and foreseeable circumstances, taking into account the uncertainties stemming from the existing economic and geopolitical environment and, consequently, the final results could differ from these estimates, particularly in relation to impairment losses on certain financial assets and off-balancesheet exposures. Future events may therefore make it necessary to modify these estimates, which would involve recording the effects of such estimation changes, if any, in the Group’s consolidated financial statements on a forward-looking basis, in accordance with applicable regulations. The macroeconomic scenarios considered by the Group in its main estimates and the sensitivity of financial asset impairment allowances to changes in the main variables considered in the macroeconomic scenarios are described in Note 4.4.2.5 “Calculation of credit loss allowances”. A-106

1.3 Accounting principles and policies and measurement criteria The accounting principles and policies, as well as the most significant measurement criteria applied when preparing these consolidated annual financial statements, are described below. There are no cases in which accounting principles or measurement criteria have not been applied because of a significant effect on the Group’s consolidated annual financial statements for 2024. 1.3.1 Consolid