Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 881

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 881
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           |
| Housing                                     |     |         | — |     |         |   809,601 |     |         |      — |     |       |   809,601 |
| Branches and offices, retail establishments |     |         | — |     |         | 1,014,204 |     |         |      — |     |       | 1,014,204 |
| and other real estate                       |     |         |   |     |         |           |     |         |        |     |       |           |
| Land and building plots                     |     |         | — |     |         |         — |     |         | 30,440 |     |       |    30,440 |
| Work in progress                            |     |         | — |     |         |         — |     |         |  3,966 |     |       |     3,966 |
| Total assets                                |     |         | — |     |         | 1,823,805 |     |         | 34,406 |     |       | 1,858,211 |

Significant unobservable variables used in valuations classed as Level 3 have not been developed by the Group but by the independent third party valuation companies that performed the appraisals. Given the widespread use of the appraisals, the valuation techniques of which are clearly set out in the regulation governing the valuation of properties, the unobservable variables used reflect the assumptions frequently used by all appraisal firms. In terms of proportional weight, unobservable variables represent almost all of the value of these appraisals. The main unobservable variables used in the valuation of assets in accordance with the dynamic residual method are the future selling price, the estimated construction costs, the costs of development, the time required for land planning and development and the discount rate. The main unobservable variables used in accordance with the static residual method are construction costs, the costs of development and the profit for the developer. A-676

As confidentially submitted to the Securities and Exchange Commission on August 11, 2025. This Amendment No. 4 has not been publicly filed with the Securities and Exchange Commission and all information herein remains strictly confidential. The number of plots in the Group’s possession is very fragmented, and they are very varied, both in terms of location and in terms of the stage of development of the urban infrastructure and the possibility of future development. For this reason, no quantitative information can be provided regarding