Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 176

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 176
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 on the subscription of bonds issued by the Central Bank of Argentina.
Administration costs
Administration costs of the Corporate Center for the year ended December 31, 2024 amounted to €561 million, a 1.9% increase compared with the €550 million recorded for the year ended December 31, 2023.
Depreciation and amortization
Depreciation and amortization of the Corporate Center for the year ended December 31, 2024 was €215 million, a 2.5% increase compared with the €210 million recorded for the year ended December 31, 2023.
Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of the Corporate Center for the year ended December 31, 2024 were €54 million of income, compared with the €21 million expense recorded for the year ended December 31, 2023, mainly due to the reversal of provisions related to certain investments in associates.
Operating profit / (loss) before tax
As a result of the foregoing, operating loss before tax of the Corporate Center for the year ended December 31, 2024 was €1,142 million, a 36.9% decrease compared with the €1,809 million loss recorded for the year ended December 31, 2023.
Tax expense or income related to profit or loss from continuing operations
Tax income related to loss from continuing operations of the Corporate Center for the year ended December 31, 2024 amounted to €225 million, a 14.2% decrease compared with the €262 million income recorded for the year ended December 31, 2023 mainly due to the lower operating loss before tax.
Profit / (loss) attributable to parent company
As a result of the foregoing, loss attributable to parent company of the Corporate Center for the year ended December 31, 2024 was €924 million, a 40.2% decrease compared with the €1,544 million loss recorded for the year ended December 31, 2023.
Results of Operations by Operating Segment for 2023 Compared with 2022
SPAIN

                                                                                                                                                              For the year ended December 31,               
2023                                                                                                                                                                                     2022         Change
                                                                                                                                                                       (In Millions of Euros)         (In %)
Net interest income                                                                                                                                             5,620                   3,774           48.9
Net fees and commissions                                                                                                                                        2,164                   2,156            0.4