<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:d018365d-e919-483e-bc1d-01b4e78f0e8d,g:4749df52-a4db-482b-ae29-68859ee5d04f-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodesituacinfinancieraordendeliquidezStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#EstadodesituacinfinancieraordendeliquidezStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodesituacinfinancieraordendeliquidezStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_09ac37c0-ecd0-4826-bc17-94efd332356f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_09ac37c0-ecd0-4826-bc17-94efd332356f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_3f89088e-75e5-4f6c-a1a7-f38fc5fb4a83" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_3f89088e-75e5-4f6c-a1a7-f38fc5fb4a83" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatedThatWillNotBeReclassifiedToProfitOrLoss_d1596bce-2033-4078-9815-4bf2bd3c0c04" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatedThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatedThatWillNotBeReclassifiedToProfitOrLoss_d1596bce-2033-4078-9815-4bf2bd3c0c04" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_cf4c4187-8f9c-42a8-97e8-d64531caa2f1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_cf4c4187-8f9c-42a8-97e8-d64531caa2f1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_59c20cfc-af95-43d2-b883-1785ff1129f5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_59c20cfc-af95-43d2-b883-1785ff1129f5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_325f330a-ff44-4c86-bab5-683978e095f9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_c2d7b029-dbf7-4680-a30e-4aa8ac9a4f59" xlink:to="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_325f330a-ff44-4c86-bab5-683978e095f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ShareholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_cacac57a-d7be-4212-b0b7-b84133628bf4" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_IssuedCapital_cacac57a-d7be-4212-b0b7-b84133628bf4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium_4738a44c-da2b-4f81-aeec-d9adecfe8871" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SharePremium"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_SharePremium_4738a44c-da2b-4f81-aeec-d9adecfe8871" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_bf944bc6-0524-4631-b0e6-74fa4406e7b3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_EquityInstrumentsIssuedOtherThanCapital"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_bf944bc6-0524-4631-b0e6-74fa4406e7b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest_70769874-9260-4c37-b5e6-0c90b4300a72" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherEquityInterest"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_OtherEquityInterest_70769874-9260-4c37-b5e6-0c90b4300a72" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings_dbaa6ddf-f034-426f-9e20-49991fff76a6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RetainedEarnings"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_RetainedEarnings_dbaa6ddf-f034-426f-9e20-49991fff76a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevaluationSurplus_93fe545e-71cb-4e5d-ac68-5982b49236d1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevaluationSurplus"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_RevaluationSurplus_93fe545e-71cb-4e5d-ac68-5982b49236d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_c2d26664-bee5-4f13-810a-914cabbffa3e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReserves"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_OtherReserves_c2d26664-bee5-4f13-810a-914cabbffa3e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares_f2994055-1771-4362-8a59-a0058b3a954b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_TreasuryShares"/>
    <link:calculationArc order="8" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_ifrs-full_TreasuryShares_f2994055-1771-4362-8a59-a0058b3a954b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProfitLossAttributableToOwnersOfParent_064cf648-f77d-4304-a4f3-5a64a17203ae" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_bbva_ProfitLossAttributableToOwnersOfParent_064cf648-f77d-4304-a4f3-5a64a17203ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InterimDividend_5a746f7c-0dc2-4761-acf7-8ca571ecab9e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_InterimDividend"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_2f9524a4-63a2-481d-b31b-a2d810ef9867" xlink:to="loc_bbva_InterimDividend_5a746f7c-0dc2-4761-acf7-8ca571ecab9e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7c361b21-d6e2-45ce-9819-5287c7970ddd" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_9a53162a-229a-4a8c-aee4-35e9b6b43e78" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7c361b21-d6e2-45ce-9819-5287c7970ddd" xlink:to="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_9a53162a-229a-4a8c-aee4-35e9b6b43e78" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_837bc572-8aea-4d06-a48c-e1d38965dd41" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7c361b21-d6e2-45ce-9819-5287c7970ddd" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_837bc572-8aea-4d06-a48c-e1d38965dd41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToBanksAtFairValueThroughOtherComprehensiveIncome_de47a5a2-4e88-44ef-bbcc-05ff08172360" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToBanksAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7c361b21-d6e2-45ce-9819-5287c7970ddd" xlink:to="loc_bbva_LoansAndAdvancesToBanksAtFairValueThroughOtherComprehensiveIncome_de47a5a2-4e88-44ef-bbcc-05ff08172360" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_1cb48a6c-fb35-4357-9a1d-e1c80e08b79e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_1cb48a6c-fb35-4357-9a1d-e1c80e08b79e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_30493350-f84e-45b0-ba23-5bbd7ac2b100" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_30493350-f84e-45b0-ba23-5bbd7ac2b100" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_344aceb3-51a2-4ea1-b949-ec93154aea7a" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_344aceb3-51a2-4ea1-b949-ec93154aea7a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_6dd20f9c-1076-4e40-8a07-69ab087e2edc" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_6dd20f9c-1076-4e40-8a07-69ab087e2edc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_c6640d57-2aab-4618-a977-f821d91c20dc" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_FinancialAssetsAtAmortisedCost_c6640d57-2aab-4618-a977-f821d91c20dc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_3c89aa0f-103e-4952-a60f-24ddb3c5517e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_3c89aa0f-103e-4952-a60f-24ddb3c5517e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_6527fd71-e024-4e84-bf04-698e2bd004be" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_6527fd71-e024-4e84-bf04-698e2bd004be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_d10b85b7-c549-4f53-9ca9-738fefdfea46" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_d10b85b7-c549-4f53-9ca9-738fefdfea46" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_83651a08-f43e-4820-b3c9-fc2b854dcd29" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TangibleAssets"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_bbva_TangibleAssets_83651a08-f43e-4820-b3c9-fc2b854dcd29" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_7bf37154-7253-45d2-8355-3af07b12410a" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_IntangibleAssetsAndGoodwill_7bf37154-7253-45d2-8355-3af07b12410a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_f6588212-31fd-4968-b076-3bf7f636e625" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TaxAssets"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_bbva_TaxAssets_f6588212-31fd-4968-b076-3bf7f636e625" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_a02cf40b-69f1-4c03-bd70-f03513228416" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssets"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_OtherAssets_a02cf40b-69f1-4c03-bd70-f03513228416" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents_4b55187b-44c9-42bd-99af-7b13dee17e64" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_CashAndCashEquivalents_4b55187b-44c9-42bd-99af-7b13dee17e64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_9edf77e3-fed8-4b7d-9d94-576273cb5b11" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_9edf77e3-fed8-4b7d-9d94-576273cb5b11" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_e48a7718-b269-4b80-95d8-aecdca9b36f6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_97faa84a-0ebb-4825-98f1-66a737b5ed75" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_e48a7718-b269-4b80-95d8-aecdca9b36f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_c6f9939a-1628-4ecd-ad3d-47ff32a09e4b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVentures_09bfe870-6053-4a64-975f-066c3792fe39" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInJointVentures"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_c6f9939a-1628-4ecd-ad3d-47ff32a09e4b" xlink:to="loc_ifrs-full_InvestmentsInJointVentures_09bfe870-6053-4a64-975f-066c3792fe39" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates_573a833b-6b60-432e-a842-56468f58e8c1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentsInAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_c6f9939a-1628-4ecd-ad3d-47ff32a09e4b" xlink:to="loc_ifrs-full_InvestmentsInAssociates_573a833b-6b60-432e-a842-56468f58e8c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_3d8f58c8-3804-430e-bf2a-95876b08fc93" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IssuedCapital"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaidUpCapital_309cba9c-2f77-4cda-bf5e-2a9eddf3a1b8" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_PaidUpCapital"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_3d8f58c8-3804-430e-bf2a-95876b08fc93" xlink:to="loc_bbva_PaidUpCapital_309cba9c-2f77-4cda-bf5e-2a9eddf3a1b8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_ebdb2982-3754-4fcd-92dd-12422cda16f3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_UnpaidCapitalWhichHasBeenCalledUp"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IssuedCapital_3d8f58c8-3804-430e-bf2a-95876b08fc93" xlink:to="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_ebdb2982-3754-4fcd-92dd-12422cda16f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_5b803e64-50b8-4a2d-bd51-439b089acc92" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_7befbe2f-031c-48ed-b454-064372ca6720" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Goodwill"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_5b803e64-50b8-4a2d-bd51-439b089acc92" xlink:to="loc_ifrs-full_Goodwill_7befbe2f-031c-48ed-b454-064372ca6720" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_bb1c1b9d-58b6-4886-b3bc-f08894d0466e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_IntangibleAssetsAndGoodwill_5b803e64-50b8-4a2d-bd51-439b089acc92" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_bb1c1b9d-58b6-4886-b3bc-f08894d0466e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_46651c70-c59f-4834-a656-0e65a637baf7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_0ec137c9-956e-4545-b614-195139ad9661" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_46651c70-c59f-4834-a656-0e65a637baf7" xlink:to="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_0ec137c9-956e-4545-b614-195139ad9661" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_8d6123d0-e95f-4089-ac6b-56142c166082" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_46651c70-c59f-4834-a656-0e65a637baf7" xlink:to="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_8d6123d0-e95f-4089-ac6b-56142c166082" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_7839a410-ffc5-41e8-bffc-67abe26fc7e0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_46651c70-c59f-4834-a656-0e65a637baf7" xlink:to="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_7839a410-ffc5-41e8-bffc-67abe26fc7e0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_7fbba33c-55af-4008-95e9-5ebe80dd1f6f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilities_0a57c58e-cff7-4ad9-b57b-9ae34414bf27" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_7fbba33c-55af-4008-95e9-5ebe80dd1f6f" xlink:to="loc_ifrs-full_CurrentTaxLiabilities_0a57c58e-cff7-4ad9-b57b-9ae34414bf27" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_fa258c2b-3cc4-4dc9-be99-70926f8cf262" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxLiabilities_7fbba33c-55af-4008-95e9-5ebe80dd1f6f" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_fa258c2b-3cc4-4dc9-be99-70926f8cf262" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d2d7f80-908d-4ddf-b85f-69b2c4a3dbae" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_734793e4-f8ff-423b-97b2-bc5898dc37dd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d2d7f80-908d-4ddf-b85f-69b2c4a3dbae" xlink:to="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_734793e4-f8ff-423b-97b2-bc5898dc37dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b925871d-0f23-47fe-99b0-29a4c4e77bd9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_5d2d7f80-908d-4ddf-b85f-69b2c4a3dbae" xlink:to="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b925871d-0f23-47fe-99b0-29a4c4e77bd9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_f6ee69d2-a9d5-469f-b580-99871fcdb4ba" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_f6ee69d2-a9d5-469f-b580-99871fcdb4ba" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_4478e3d5-b55d-4e1e-819d-0997579b11b5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ShortPositionsFinancialLiabiltiesHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:to="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_4478e3d5-b55d-4e1e-819d-0997579b11b5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksHeldForTrading_2cf2396b-0c4b-4d0f-91b1-c2e8c8f5f47c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DepositsFromCentralBanksHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:to="loc_bbva_DepositsFromCentralBanksHeldForTrading_2cf2396b-0c4b-4d0f-91b1-c2e8c8f5f47c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_ac257967-23ef-4efd-9422-4856d4d756e2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DepositsFromCreditInstitutionsHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:to="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_ac257967-23ef-4efd-9422-4856d4d756e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsHeldForTrading_7d602a83-5965-44ed-b8e9-7a3471ec7abd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_CustomerDepositsHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_85da693b-7a3d-402a-96a0-483e6dbec94b" xlink:to="loc_bbva_CustomerDepositsHeldForTrading_7d602a83-5965-44ed-b8e9-7a3471ec7abd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_9ca6342a-3912-44ba-bab4-f650e9f732d2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_3c01d538-35d4-4d14-9553-5eaf4b33e102" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_9ca6342a-3912-44ba-bab4-f650e9f732d2" xlink:to="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_3c01d538-35d4-4d14-9553-5eaf4b33e102" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_458c4d09-ab57-448d-8194-81a2d9ca73cf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_9ca6342a-3912-44ba-bab4-f650e9f732d2" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_458c4d09-ab57-448d-8194-81a2d9ca73cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_919f563f-1080-46f6-8eeb-903a8ec856fc" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_9ca6342a-3912-44ba-bab4-f650e9f732d2" xlink:to="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_919f563f-1080-46f6-8eeb-903a8ec856fc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_40267098-6fec-40f7-a71b-5141b022bf03" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TaxAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets_3e786c0b-1454-4dab-b579-c2b9606d89e2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentTaxAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_40267098-6fec-40f7-a71b-5141b022bf03" xlink:to="loc_ifrs-full_CurrentTaxAssets_3e786c0b-1454-4dab-b579-c2b9606d89e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_a0649a5e-5c88-42b8-acec-74b956479d1a" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TaxAssets_40267098-6fec-40f7-a71b-5141b022bf03" xlink:to="loc_ifrs-full_DeferredTaxAssets_a0649a5e-5c88-42b8-acec-74b956479d1a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_11f9a629-ea99-4969-85f8-9e269400be09" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InsuranceContractsLinkedToPensions_b3bf5e94-9fd2-43b0-b3a6-cf5c66947aa5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_InsuranceContractsLinkedToPensions"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_11f9a629-ea99-4969-85f8-9e269400be09" xlink:to="loc_bbva_InsuranceContractsLinkedToPensions_b3bf5e94-9fd2-43b0-b3a6-cf5c66947aa5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_32100686-dbde-40b6-a517-472e8cf35c85" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_11f9a629-ea99-4969-85f8-9e269400be09" xlink:to="loc_ifrs-full_InventoriesTotal_32100686-dbde-40b6-a517-472e8cf35c85" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_RestOfOtherAssets_f64fdbde-b2b4-47e3-a2d2-64ae1000bdc0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_RestOfOtherAssets"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_11f9a629-ea99-4969-85f8-9e269400be09" xlink:to="loc_bbva_RestOfOtherAssets_f64fdbde-b2b4-47e3-a2d2-64ae1000bdc0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_ee5af866-4998-4f53-b9ab-64d0c044175c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_f6bb1c95-5f4e-4432-9430-42c815247da6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_ee5af866-4998-4f53-b9ab-64d0c044175c" xlink:to="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_f6bb1c95-5f4e-4432-9430-42c815247da6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherNonControllingInterestItems_9aa692da-a3bc-480e-98cd-da573c722869" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherNonControllingInterestItems"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_NoncontrollingInterests_ee5af866-4998-4f53-b9ab-64d0c044175c" xlink:to="loc_bbva_OtherNonControllingInterestItems_9aa692da-a3bc-480e-98cd-da573c722869" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities_9add316e-0f54-4b4b-abc5-030803853746" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_70633641-8fe0-4155-9aab-e3780d514c05" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_9add316e-0f54-4b4b-abc5-030803853746" xlink:to="loc_ifrs-full_Liabilities_70633641-8fe0-4155-9aab-e3780d514c05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_48f43e08-0672-43c3-82cb-73341b9fe9a7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_EquityAndLiabilities_9add316e-0f54-4b4b-abc5-030803853746" xlink:to="loc_ifrs-full_Equity_48f43e08-0672-43c3-82cb-73341b9fe9a7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Provisions"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsProvision_e258a087-519a-4c1c-b5aa-fd6cac77f7ec" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalProceedingsProvision"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:to="loc_ifrs-full_LegalProceedingsProvision_e258a087-519a-4c1c-b5aa-fd6cac77f7ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherLongTermEmployeeBenefits_2733a11a-d35d-44f2-b5b8-12f7684ac59c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherLongTermEmployeeBenefits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:to="loc_bbva_OtherLongTermEmployeeBenefits_2733a11a-d35d-44f2-b5b8-12f7684ac59c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions_1dc84584-e2c4-4935-b33d-961995dc76b6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherProvisions"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:to="loc_ifrs-full_OtherProvisions_1dc84584-e2c4-4935-b33d-961995dc76b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionsForEmployeeBenefits_8b23f02b-8272-4f4c-a67b-6d3872bbd3f6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProvisionsForEmployeeBenefits"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:to="loc_ifrs-full_ProvisionsForEmployeeBenefits_8b23f02b-8272-4f4c-a67b-6d3872bbd3f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_36aab908-93da-438d-a2c9-d6b1352992e9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ProvisionsCommitmentsAndGuaranteesGiven"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_44351f83-4cd9-4594-9303-a5b890b7e6b0" xlink:to="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_36aab908-93da-438d-a2c9-d6b1352992e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_87f8000b-d2b3-4145-beba-cbeb9aafa433" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_df35647e-9b15-47c0-96a2-8d88c89e1234" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_87f8000b-d2b3-4145-beba-cbeb9aafa433" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_df35647e-9b15-47c0-96a2-8d88c89e1234" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_5ccee9ce-159f-4470-a942-03527defa2d8" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_5ccee9ce-159f-4470-a942-03527defa2d8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_e702192c-fb95-40da-9efe-00b81c1b174e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_e702192c-fb95-40da-9efe-00b81c1b174e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionthatMayBeReclassifiedToProfitOrLoss_3b1a0390-5f66-4d0f-ad4c-787eccdab17c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_HedgingDerivativesCashFlowHedgesEffectivePortionthatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionthatMayBeReclassifiedToProfitOrLoss_3b1a0390-5f66-4d0f-ad4c-787eccdab17c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_76041561-81b9-4c71-8692-bbfb8f3b9825" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_76041561-81b9-4c71-8692-bbfb8f3b9825" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingInstrumentsNoDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_b5e004b6-5b85-40ec-b15d-10e9f6638abb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_HedgingInstrumentsNoDesignatedItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_HedgingInstrumentsNoDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_b5e004b6-5b85-40ec-b15d-10e9f6638abb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_1b3eb078-75d6-4e94-ba4c-3335bd1cfbbe" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_1b3eb078-75d6-4e94-ba4c-3335bd1cfbbe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_e45457cb-d6f6-47f5-bda1-5a44aebcf491" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_d8a47d12-85df-42a7-b593-e25fad3681ac" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_e45457cb-d6f6-47f5-bda1-5a44aebcf491" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_e1065d4f-cef4-4c5d-b828-4ac3311e28f2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtAmortisedCost_ddf4f2a0-7afd-4c31-b029-a6a629d9c046" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtSecuritiesAtAmortisedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_e1065d4f-cef4-4c5d-b828-4ac3311e28f2" xlink:to="loc_bbva_DebtSecuritiesAtAmortisedCost_ddf4f2a0-7afd-4c31-b029-a6a629d9c046" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_30418db7-422a-448f-9305-ee75bfdce18e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_e1065d4f-cef4-4c5d-b828-4ac3311e28f2" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_30418db7-422a-448f-9305-ee75bfdce18e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanks_50c672c1-3ac8-40a6-9b58-89715a27f004" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LoansAndAdvancesToBanks"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_e1065d4f-cef4-4c5d-b828-4ac3311e28f2" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanks_50c672c1-3ac8-40a6-9b58-89715a27f004" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers_414c39c7-aaa6-4c35-ab0a-193a2edec6b7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LoansAndAdvancesToCustomers"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtAmortisedCost_e1065d4f-cef4-4c5d-b828-4ac3311e28f2" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomers_414c39c7-aaa6-4c35-ab0a-193a2edec6b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9ae67b66-3287-4978-bf74-362efd522396" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_9ae67b66-3287-4978-bf74-362efd522396" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c584899b-af45-42a8-97d5-d0ecf2c5b723" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c584899b-af45-42a8-97d5-d0ecf2c5b723" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_761fce6f-bfc0-4215-a077-be9d8e6105e2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_761fce6f-bfc0-4215-a077-be9d8e6105e2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_92dab857-7a27-4a02-baed-1e0f67c9935c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_92dab857-7a27-4a02-baed-1e0f67c9935c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_e1f0c00e-3645-489b-a4e4-945c6f342f7e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_e1f0c00e-3645-489b-a4e4-945c6f342f7e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_9f62d2d6-6543-4f95-a9ee-1c4b8105b392" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesArisingFromInsuranceContracts"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_9f62d2d6-6543-4f95-a9ee-1c4b8105b392" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_4dfcfe6d-4bcc-4997-86f7-ed4dcccf3cff" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Provisions"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_Provisions_4dfcfe6d-4bcc-4997-86f7-ed4dcccf3cff" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities_60b0635e-2c4a-4ceb-bfe5-c41294e281f0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherLiabilities"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_OtherLiabilities_60b0635e-2c4a-4ceb-bfe5-c41294e281f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_04ee24b7-7d9e-454c-a0d2-c791ddf24f3d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_04ee24b7-7d9e-454c-a0d2-c791ddf24f3d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_849b42dd-4373-4036-a07b-8dc73cf70db1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TaxLiabilities"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_73d79e2f-9700-4ba3-87f5-844ef64e9120" xlink:to="loc_bbva_TaxLiabilities_849b42dd-4373-4036-a07b-8dc73cf70db1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_192a9f3e-b2bd-4e3e-89f7-2f401fee2702" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherReserves"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_Other_d6ea1a7b-0115-46e6-af86-b6211279ff85" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_Other"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_192a9f3e-b2bd-4e3e-89f7-2f401fee2702" xlink:to="loc_bbva_Other_d6ea1a7b-0115-46e6-af86-b6211279ff85" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_77c76d90-f054-4313-be14-382958000a41" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherReserves_192a9f3e-b2bd-4e3e-89f7-2f401fee2702" xlink:to="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_77c76d90-f054-4313-be14-382958000a41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_48ca9291-820e-44e5-9c96-2e2eb87eca10" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_74fa06e6-309d-403d-81f0-4e2784e87ca6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_48ca9291-820e-44e5-9c96-2e2eb87eca10" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_74fa06e6-309d-403d-81f0-4e2784e87ca6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_8c84d598-a05b-43de-aa97-accc9aee58f9" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InvestmentProperty"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_TangibleAssets_48ca9291-820e-44e5-9c96-2e2eb87eca10" xlink:to="loc_ifrs-full_InvestmentProperty_8c84d598-a05b-43de-aa97-accc9aee58f9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_3b57b91f-5e67-4f45-93f2-87e79782dc49" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_3b57b91f-5e67-4f45-93f2-87e79782dc49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsHeldForTrading_931985b0-2c92-4dd8-b86f-fe8ac5ce85b6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_EquityInstrumentsHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_bbva_EquityInstrumentsHeldForTrading_931985b0-2c92-4dd8-b86f-fe8ac5ce85b6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesHeldForTrading_749789c9-4053-4115-bceb-0160735964da" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_DebtSecuritiesHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_bbva_DebtSecuritiesHeldForTrading_749789c9-4053-4115-bceb-0160735964da" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_b3dadd60-5d77-43f2-afa5-cbeb070d0fb3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToCentralBanksHeldForTrading"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_b3dadd60-5d77-43f2-afa5-cbeb070d0fb3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToBanksHeldForTrading_763fb6ea-1cdb-47b5-95fb-0dc486bf56ec" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToBanksHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_bbva_LoansAndAdvancesToBanksHeldForTrading_763fb6ea-1cdb-47b5-95fb-0dc486bf56ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_f5f90347-ff32-4eb7-aa9d-e9ba561889f7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_LoansAndAdvancesToCustomersHeldForTrading"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_48ad0fb9-028e-4124-bab6-5b5f8753baa6" xlink:to="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_f5f90347-ff32-4eb7-aa9d-e9ba561889f7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesDueToCentralBanks_ac647874-b3a8-4ac2-b72c-41aa7a013fac" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesDueToCentralBanks"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:to="loc_ifrs-full_LiabilitiesDueToCentralBanks_ac647874-b3a8-4ac2-b72c-41aa7a013fac" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanks_fcc2b99c-861e-41fe-8e35-2194ea76a0a1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepositsFromBanks"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:to="loc_ifrs-full_DepositsFromBanks_fcc2b99c-861e-41fe-8e35-2194ea76a0a1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomers_5e6f2d63-a71f-4c06-981b-74c80d0fd858" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepositsFromCustomers"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:to="loc_ifrs-full_DepositsFromCustomers_5e6f2d63-a71f-4c06-981b-74c80d0fd858" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecurities_efb02b2d-f655-45f2-9efd-4256c7967441" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DebtSecurities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:to="loc_ifrs-full_DebtSecurities_efb02b2d-f655-45f2-9efd-4256c7967441" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialLiabilities_06b0b427-dcf4-4ab2-9e2f-1039cf66b709" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinancialLiabilities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_08f07b22-4c7c-4f8b-a3e9-6fbe5755af6f" xlink:to="loc_ifrs-full_OtherFinancialLiabilities_06b0b427-dcf4-4ab2-9e2f-1039cf66b709" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_19cd2c9b-b429-48ab-9fc9-90c33269fc51" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssetsForOwnUse_131606e7-069d-445d-a8ac-b31d6f11b465" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TangibleAssetsForOwnUse"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_19cd2c9b-b429-48ab-9fc9-90c33269fc51" xlink:to="loc_bbva_TangibleAssetsForOwnUse_131606e7-069d-445d-a8ac-b31d6f11b465" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_6ca74ae8-e7ad-450f-93b5-06a7ebe3101f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_PropertyPlantAndEquipment_19cd2c9b-b429-48ab-9fc9-90c33269fc51" xlink:to="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_6ca74ae8-e7ad-450f-93b5-06a7ebe3101f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_37016e3f-93d4-46dc-98a7-77b641087167" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_e3f7a934-1630-4c7d-b985-1702febc0a50" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_37016e3f-93d4-46dc-98a7-77b641087167" xlink:to="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_e3f7a934-1630-4c7d-b985-1702febc0a50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_c4746194-e9d3-4422-933c-52d9d8449a3d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_37016e3f-93d4-46dc-98a7-77b641087167" xlink:to="loc_ifrs-full_NoncontrollingInterests_c4746194-e9d3-4422-933c-52d9d8449a3d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_06ba7aa7-786a-43ff-bba7-d59fb62c255d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ShareholdersEquity"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Equity_37016e3f-93d4-46dc-98a7-77b641087167" xlink:to="loc_bbva_ShareholdersEquity_06ba7aa7-786a-43ff-bba7-d59fb62c255d" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#EstadodelresultadoglobalderesultadosporfuncindelgastoStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_7eb13d10-876e-42ab-9350-8a81e8fef91d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_9e460b7b-6076-43dd-bce9-3f0fdaa61a9a" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_7eb13d10-876e-42ab-9350-8a81e8fef91d" xlink:to="loc_ifrs-full_EmployeeBenefitsExpense_9e460b7b-6076-43dd-bce9-3f0fdaa61a9a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByFunction_ee72fd4b-ef62-4c15-b4ac-19d3ae3fa240" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherExpenseByFunction"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdministrativeExpense_7eb13d10-876e-42ab-9350-8a81e8fef91d" xlink:to="loc_ifrs-full_OtherExpenseByFunction_ee72fd4b-ef62-4c15-b4ac-19d3ae3fa240" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_d71c9797-bb83-41fb-a6ea-55e8d12ad520" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_b26dd8cd-cc02-408c-9e7e-1f567690ae81" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_d71c9797-bb83-41fb-a6ea-55e8d12ad520" xlink:to="loc_ifrs-full_ProfitLoss_b26dd8cd-cc02-408c-9e7e-1f567690ae81" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_fa4cf76d-b69a-4425-aba2-ab865fdfa3f7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_d71c9797-bb83-41fb-a6ea-55e8d12ad520" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_fa4cf76d-b69a-4425-aba2-ab865fdfa3f7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_170e7f25-5ae8-4a23-a1ef-3782434317c1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_66080ff9-9ebf-4bb4-bbd9-f69128d2e4da" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_170e7f25-5ae8-4a23-a1ef-3782434317c1" xlink:to="loc_ifrs-full_RevenueFromInterest_66080ff9-9ebf-4bb4-bbd9-f69128d2e4da" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense_9afa7396-76b4-447f-8b55-314eb9d172d7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InterestRevenueExpense_170e7f25-5ae8-4a23-a1ef-3782434317c1" xlink:to="loc_ifrs-full_InterestExpense_9afa7396-76b4-447f-8b55-314eb9d172d7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_695d09e2-27ac-4333-9696-526b2b49acda" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_29a6389f-e0d8-43f4-8360-3c09f3f3776c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_695d09e2-27ac-4333-9696-526b2b49acda" xlink:to="loc_ifrs-full_ProfitLossBeforeTax_29a6389f-e0d8-43f4-8360-3c09f3f3776c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_ddfdcf43-5128-497a-aa8b-913e99818328" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations_695d09e2-27ac-4333-9696-526b2b49acda" xlink:to="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_ddfdcf43-5128-497a-aa8b-913e99818328" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_8e9e5bbe-19fe-43a8-a98c-3bdd1b2e05d0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_InterestRevenueExpense_8e9e5bbe-19fe-43a8-a98c-3bdd1b2e05d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromDividends_df78ef70-42f3-486c-a936-b623cd193cd7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromDividends"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_RevenueFromDividends_df78ef70-42f3-486c-a936-b623cd193cd7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_4127190c-a919-4592-85ab-059289b7c2a5" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_4127190c-a919-4592-85ab-059289b7c2a5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome_5740079c-d33c-48cd-8d95-55c63b8855f3" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_FeeAndCommissionIncome_5740079c-d33c-48cd-8d95-55c63b8855f3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense_9340af16-e1e5-4124-a561-340254e29c70" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_FeeAndCommissionExpense_9340af16-e1e5-4124-a561-340254e29c70" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_ecc39f9b-1ea4-45a5-8c73-ab95de1dd7c4" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_ecc39f9b-1ea4-45a5-8c73-ab95de1dd7c4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_7be28d9a-7af2-4a7d-9e73-0e82860cb05f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_7be28d9a-7af2-4a7d-9e73-0e82860cb05f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_725da386-df39-4fa0-b6c6-5d943a7023fd" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_725da386-df39-4fa0-b6c6-5d943a7023fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_1ea18a3c-79b9-4430-895f-3a811676e624" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_1ea18a3c-79b9-4430-895f-3a811676e624" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_7e9645d1-3eee-4f4f-9f38-9eac9af1c1b1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_7e9645d1-3eee-4f4f-9f38-9eac9af1c1b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_5cd7216c-1d25-461d-8015-1ae1c4cc6e19" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_5cd7216c-1d25-461d-8015-1ae1c4cc6e19" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingIncome_0a08728d-9de3-4d0b-b290-56e71dc3fd7c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingIncome"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingIncome_0a08728d-9de3-4d0b-b290-56e71dc3fd7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense_aa967661-722c-4bf2-9ae1-bbd26f5682d1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingExpense_aa967661-722c-4bf2-9ae1-bbd26f5682d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts_c0333e12-2663-4e2e-a74e-391353da5d35" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_IncomeArisingFromInsuranceContracts_c0333e12-2663-4e2e-a74e-391353da5d35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_409c8ceb-621b-4141-a8d5-eaf4500280c6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts"/>
    <link:calculationArc order="15" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_3736cfeb-dab8-489d-acf2-717e54a331be" xlink:to="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_409c8ceb-621b-4141-a8d5-eaf4500280c6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_5ab33610-27e5-419d-947a-ae831f1c09fd" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:to="loc_ifrs-full_AdministrativeExpense_5ab33610-27e5-419d-947a-ae831f1c09fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_b10cd457-a2cd-4473-8815-28c150ab9d45" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:to="loc_ifrs-full_ImpairmentLossOnFinancialAssets_b10cd457-a2cd-4473-8815-28c150ab9d45" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_5c2be7f6-a2de-4eaa-85aa-599c5c2ca0c3" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:to="loc_ifrs-full_GrossProfit_5c2be7f6-a2de-4eaa-85aa-599c5c2ca0c3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsOrReversalOfProvisions_3c3d8e51-e066-4ada-8510-eb5356f7a4ce" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ProvisionsOrReversalOfProvisions"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:to="loc_bbva_ProvisionsOrReversalOfProvisions_3c3d8e51-e066-4ada-8510-eb5356f7a4ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_6a5743d8-2db3-411d-ba06-f73e7c7a1cdb" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities_8eb2f2f1-2ed3-42f1-94bc-08e1eb1b48e2" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_6a5743d8-2db3-411d-ba06-f73e7c7a1cdb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_9c304270-771d-4ff2-8d07-ee8721d7d280" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_70b38a71-737b-471b-80e1-6434f2552608" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_9c304270-771d-4ff2-8d07-ee8721d7d280" xlink:to="loc_ifrs-full_ProfitLossFromContinuingOperations_70b38a71-737b-471b-80e1-6434f2552608" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_82396e3a-60cd-4ac8-bb42-b1f91a39b0d4" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_9c304270-771d-4ff2-8d07-ee8721d7d280" xlink:to="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_82396e3a-60cd-4ac8-bb42-b1f91a39b0d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_2c6bed40-06fb-49fb-8ccd-f4a2fea06595" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_cfe2c63e-ef90-45cd-be24-e02007b0d046" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets_2c6bed40-06fb-49fb-8ccd-f4a2fea06595" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_cfe2c63e-ef90-45cd-be24-e02007b0d046" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_54a9a47e-48a0-4e67-aeaf-ed40265d3a20" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ImpairmentLossOnFinancialAssets_2c6bed40-06fb-49fb-8ccd-f4a2fea06595" xlink:to="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_54a9a47e-48a0-4e67-aeaf-ed40265d3a20" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_ec1e3692-61dc-4c9d-abe2-9024c683ad7c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_ec1e3692-61dc-4c9d-abe2-9024c683ad7c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_8690b8eb-b3bd-4ebd-9361-f2d0f3a042ad" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_8690b8eb-b3bd-4ebd-9361-f2d0f3a042ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_e82250d9-55ce-457c-a560-d3215cd8a51c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_e82250d9-55ce-457c-a560-d3215cd8a51c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_086f0506-18f4-4cce-8ae4-4c80655857a2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NegativeGoodwillRecognizedInProfitOrLoss"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_086f0506-18f4-4cce-8ae4-4c80655857a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_314077a7-87da-486b-b300-736cb6d09e21" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_314077a7-87da-486b-b300-736cb6d09e21" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_01ae0e82-aea5-46a2-b6c7-c3e7b9e41f88" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_bb4e756f-8620-4093-8c7a-b7c1574b9c0c" xlink:to="loc_ifrs-full_ProfitLossFromOperatingActivities_01ae0e82-aea5-46a2-b6c7-c3e7b9e41f88" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_0208a0c7-8eb4-4ab3-aa7c-c3527723a1ad" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_a8c5b9ed-e809-4128-b11b-eb65cb5397a2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_0208a0c7-8eb4-4ab3-aa7c-c3527723a1ad" xlink:to="loc_ifrs-full_ProfitLoss_a8c5b9ed-e809-4128-b11b-eb65cb5397a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_e061a5ec-8398-44c6-8381-6134a1b2afa4" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_0208a0c7-8eb4-4ab3-aa7c-c3527723a1ad" xlink:to="loc_ifrs-full_OtherComprehensiveIncome_e061a5ec-8398-44c6-8381-6134a1b2afa4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_502435d8-5fe7-4d51-8557-98dece3fd608" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_af98b8c4-cd5f-4c50-9806-72c3b90beeb7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_502435d8-5fe7-4d51-8557-98dece3fd608" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_af98b8c4-cd5f-4c50-9806-72c3b90beeb7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_9e2b3c9d-51a8-465c-bb6e-23e8c2ef2d14" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_502435d8-5fe7-4d51-8557-98dece3fd608" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_9e2b3c9d-51a8-465c-bb6e-23e8c2ef2d14" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassicationsForeignCurrencyTranslation_cea7c011-d682-4f4c-af77-83e697023ced" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherReclassicationsForeignCurrencyTranslation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_502435d8-5fe7-4d51-8557-98dece3fd608" xlink:to="loc_bbva_OtherReclassicationsForeignCurrencyTranslation_cea7c011-d682-4f4c-af77-83e697023ced" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_694de345-92a1-43ad-8186-0e3d0598cbd5" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_694de345-92a1-43ad-8186-0e3d0598cbd5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_bffa16a3-0d9d-44a3-9744-5a670fae744a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_bffa16a3-0d9d-44a3-9744-5a670fae744a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_6f67deb8-7358-4328-aba5-4614f6e1bbb3" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_6f67deb8-7358-4328-aba5-4614f6e1bbb3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_6685d2c1-f5b6-4632-9557-24be1cbdd8e8" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_6685d2c1-f5b6-4632-9557-24be1cbdd8e8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_c7405251-4e09-4c3a-8376-0c00377a93c3" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_c7405251-4e09-4c3a-8376-0c00377a93c3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_fa06e4bb-b555-4e09-99f2-28991f85d529" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_fa06e4bb-b555-4e09-99f2-28991f85d529" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_4887c63d-4b9c-4a56-94c3-26179afd8e0e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ed7af1cf-6ef8-4ece-ba16-e43cce4155a8" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_4887c63d-4b9c-4a56-94c3-26179afd8e0e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_ec1aa32c-65d5-4ac9-91a0-e8f61de6b67d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_491a5bd5-25b9-41af-963e-e8e6784a8336" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_ec1aa32c-65d5-4ac9-91a0-e8f61de6b67d" xlink:to="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_491a5bd5-25b9-41af-963e-e8e6784a8336" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_8df2b73c-eb8d-42ce-9b7c-71d5391e80db" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_ec1aa32c-65d5-4ac9-91a0-e8f61de6b67d" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_8df2b73c-eb8d-42ce-9b7c-71d5391e80db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_bd3a8979-d08a-4716-a2e7-bb8f1e9eb6a6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_ec1aa32c-65d5-4ac9-91a0-e8f61de6b67d" xlink:to="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_bd3a8979-d08a-4716-a2e7-bb8f1e9eb6a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_045db722-7ef7-4e32-8bc5-f6ca22ba3e56" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_114a185c-96cd-434d-8f35-49fb9d0ee43e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_045db722-7ef7-4e32-8bc5-f6ca22ba3e56" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_114a185c-96cd-434d-8f35-49fb9d0ee43e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_460a694b-b233-4211-8669-df255786a638" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncome_045db722-7ef7-4e32-8bc5-f6ca22ba3e56" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_460a694b-b233-4211-8669-df255786a638" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_332f534b-3936-4916-8be9-22fd14c7a121" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_332f534b-3936-4916-8be9-22fd14c7a121" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_1bbd464f-344f-49cf-b1d4-faa0549d03b0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_1bbd464f-344f-49cf-b1d4-faa0549d03b0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_4072d3ab-9acd-425c-a392-3be3e9819f6d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_4072d3ab-9acd-425c-a392-3be3e9819f6d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_5526ae6e-d0dc-4901-919b-2abc370b3f86" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_5526ae6e-d0dc-4901-919b-2abc370b3f86" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_3100289f-1d88-4aec-80cf-d4b4c7690528" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_3100289f-1d88-4aec-80cf-d4b4c7690528" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_3021fe19-139b-4c68-bc1c-d0005e6de8d6" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_3021fe19-139b-4c68-bc1c-d0005e6de8d6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_2dd758a1-4c7b-42d5-a9c7-217d3b7f039a" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_1ace5e6f-4416-448d-a81a-7633423a07c7" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_2dd758a1-4c7b-42d5-a9c7-217d3b7f039a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_010b4978-ec79-4d05-867c-82d70d0b0f47" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_1aadf9b1-6bea-4f24-b14b-22770df9c4ce" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_010b4978-ec79-4d05-867c-82d70d0b0f47" xlink:to="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_1aadf9b1-6bea-4f24-b14b-22770df9c4ce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_59fdc103-25bd-4155-816a-92dcb6c53abc" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_010b4978-ec79-4d05-867c-82d70d0b0f47" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_59fdc103-25bd-4155-816a-92dcb6c53abc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_53204043-85e7-4e29-8462-0552dd0cc972" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_010b4978-ec79-4d05-867c-82d70d0b0f47" xlink:to="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_53204043-85e7-4e29-8462-0552dd0cc972" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_db7f65e2-6f3b-46e4-b8ee-ad68e62835cd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherReclassificationsCashFlowHedgesEffectivePortion"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_010b4978-ec79-4d05-867c-82d70d0b0f47" xlink:to="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_db7f65e2-6f3b-46e4-b8ee-ad68e62835cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3381149e-04aa-475a-8470-1cb66746097d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_3c3892cd-9edc-46a7-93be-5600df5a949d" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3381149e-04aa-475a-8470-1cb66746097d" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_3c3892cd-9edc-46a7-93be-5600df5a949d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_3b1f5895-f333-45cf-9c8b-13160ad13d96" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3381149e-04aa-475a-8470-1cb66746097d" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_3b1f5895-f333-45cf-9c8b-13160ad13d96" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsDebtSecurities_6810537e-bf32-499a-8ba9-e730d833dcdf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherReclassificationsDebtSecurities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_OtherComprehensiveIncomeDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_3381149e-04aa-475a-8470-1cb66746097d" xlink:to="loc_bbva_OtherReclassificationsDebtSecurities_6810537e-bf32-499a-8ba9-e730d833dcdf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_96609fbc-e144-4c78-966b-77939a346fc1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_19c51aef-8a02-4048-9835-6333fd8a3954" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_96609fbc-e144-4c78-966b-77939a346fc1" xlink:to="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_19c51aef-8a02-4048-9835-6333fd8a3954" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_1e3d8d8d-360d-4322-83f3-d6f1cc7b4fad" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_96609fbc-e144-4c78-966b-77939a346fc1" xlink:to="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_1e3d8d8d-360d-4322-83f3-d6f1cc7b4fad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_3fb323a3-24bc-4a00-84a8-f76936d2b615" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_96609fbc-e144-4c78-966b-77939a346fc1" xlink:to="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_3fb323a3-24bc-4a00-84a8-f76936d2b615" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#EstadodeflujosdeefectivomtodoindirectoStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_14ec58b9-e9b9-4ab8-8e07-f044e2db856b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_1162da83-d129-4a71-8f83-995334dea6a2" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_14ec58b9-e9b9-4ab8-8e07-f044e2db856b" xlink:to="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_1162da83-d129-4a71-8f83-995334dea6a2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_a362dc32-acb1-4415-8262-d369fea9a834" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_14ec58b9-e9b9-4ab8-8e07-f044e2db856b" xlink:to="loc_ifrs-full_InflowsOfCashFromInvestingActivities_a362dc32-acb1-4415-8262-d369fea9a834" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_PaymentsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_1c2ba931-cfa8-43e3-b593-a24b25afc748" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:to="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_1c2ba931-cfa8-43e3-b593-a24b25afc748" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_33723101-c608-44aa-9d6b-37d203c227f0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfSubordinatedLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:to="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_33723101-c608-44aa-9d6b-37d203c227f0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_5bd70495-5b0b-49e0-97d6-d3293c217235" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TreasuryStockAmortizationFromFinancingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:to="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_5bd70495-5b0b-49e0-97d6-d3293c217235" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_de7864e0-c5ee-4731-bed1-4c92a506659a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_TreasuryStockAcquisitionsFromFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:to="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_de7864e0-c5ee-4731-bed1-4c92a506659a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherPaymentsRelatingToFinancingActivities_5ff251e8-3ce8-46c5-8924-c0b5aaeadb3c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherPaymentsRelatingToFinancingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_PaymentsFromFinancingActivities_bc40b9f1-44be-4005-a39b-4a4e7f7deecb" xlink:to="loc_bbva_OtherPaymentsRelatingToFinancingActivities_5ff251e8-3ce8-46c5-8924-c0b5aaeadb3c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_fed4323f-47fe-4ba7-84d9-45a0680a4d9a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_98f5b3b7-d440-4129-9421-9a586aaf8ddf" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_fed4323f-47fe-4ba7-84d9-45a0680a4d9a" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_98f5b3b7-d440-4129-9421-9a586aaf8ddf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_f6a698a5-0da6-40e6-9431-d7500737c899" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_fed4323f-47fe-4ba7-84d9-45a0680a4d9a" xlink:to="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_f6a698a5-0da6-40e6-9431-d7500737c899" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost_276a5c63-2ce8-4147-9319-a391cba1b4ed" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_fed4323f-47fe-4ba7-84d9-45a0680a4d9a" xlink:to="loc_bbva_IncreaseDecreaseInOperatingFinancialLiabilitiesAtAmortizedCost_276a5c63-2ce8-4147-9319-a391cba1b4ed" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_71ca9960-f7a4-4ec8-be23-dd7e789a6492" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_fed4323f-47fe-4ba7-84d9-45a0680a4d9a" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_71ca9960-f7a4-4ec8-be23-dd7e789a6492" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_f902c6a3-4789-4332-8532-07c0d2bfd82b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_f902c6a3-4789-4332-8532-07c0d2bfd82b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_ceeb7fc2-5f78-47d0-a396-924f8472c3de" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_ceeb7fc2-5f78-47d0-a396-924f8472c3de" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_b39f418b-6f37-4007-b055-cf134ba253c1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_b39f418b-6f37-4007-b055-cf134ba253c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_cb7bea84-8e5d-4ffb-a6e8-42792a6fe520" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_cb7bea84-8e5d-4ffb-a6e8-42792a6fe520" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherCollectionsRelatedToInvestingActivities_6f56ea98-6571-4614-b54d-09cf54257abf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherCollectionsRelatedToInvestingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_bbva_OtherCollectionsRelatedToInvestingActivities_6f56ea98-6571-4614-b54d-09cf54257abf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_f200d058-d2c3-4ffb-86b8-92ddffa2f2c7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_InflowsOfCashFromInvestingActivities_19efc71d-cdd2-4c79-9cad-7bbe7b4cc074" xlink:to="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_f200d058-d2c3-4ffb-86b8-92ddffa2f2c7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_3ce40bae-6b8d-49ea-889b-777c0421764b" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:to="loc_ifrs-full_ProfitLoss_3ce40bae-6b8d-49ea-889b-777c0421764b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_4de550fb-4167-42cb-8002-33d60702f203" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:to="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_4de550fb-4167-42cb-8002-33d60702f203" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_c1e8377e-ddc6-42d9-9e1a-4b417af170fa" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_c1e8377e-ddc6-42d9-9e1a-4b417af170fa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_aef3d8d6-2943-49d0-95ad-df562251f9b9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_aef3d8d6-2943-49d0-95ad-df562251f9b9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_81af4c59-4793-4811-8c40-4b99e094c8c0" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_c2169c94-4273-4a28-9f90-844c2ab4e53e" xlink:to="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_81af4c59-4793-4811-8c40-4b99e094c8c0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_cd094578-e6b7-46f3-a527-331970f523fb" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_26de020b-d56b-4423-8f6a-0140da1b56a9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_PaymentsFromFinancingActivities"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_cd094578-e6b7-46f3-a527-331970f523fb" xlink:to="loc_bbva_PaymentsFromFinancingActivities_26de020b-d56b-4423-8f6a-0140da1b56a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_1291a0e3-708f-4487-bf7a-a8ca53be56d0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_cd094578-e6b7-46f3-a527-331970f523fb" xlink:to="loc_bbva_CollectionsFromFinancingActivities_1291a0e3-708f-4487-bf7a-a8ca53be56d0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_caae37d4-13f9-4a81-91ec-80d3159dfaf6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_745ad4a0-768b-4738-a7a7-8cbad6bf5f5e" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_caae37d4-13f9-4a81-91ec-80d3159dfaf6" xlink:to="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_745ad4a0-768b-4738-a7a7-8cbad6bf5f5e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_e2c76bf5-a244-4751-b421-2d38ae7c8775" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_caae37d4-13f9-4a81-91ec-80d3159dfaf6" xlink:to="loc_ifrs-full_ProceedsFromIssuingShares_e2c76bf5-a244-4751-b421-2d38ae7c8775" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsTreasurySharesDisposal_b6a8460d-4716-491e-8ecd-a6b8cb205105" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_CollectionsTreasurySharesDisposal"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_caae37d4-13f9-4a81-91ec-80d3159dfaf6" xlink:to="loc_bbva_CollectionsTreasurySharesDisposal_b6a8460d-4716-491e-8ecd-a6b8cb205105" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherItemsRelatingToFinancingActivities_8672ab82-d774-4df8-aa02-dafbc1de99ec" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_OtherItemsRelatingToFinancingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_CollectionsFromFinancingActivities_caae37d4-13f9-4a81-91ec-80d3159dfaf6" xlink:to="loc_bbva_OtherItemsRelatingToFinancingActivities_8672ab82-d774-4df8-aa02-dafbc1de99ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_6b20efb6-9230-4df5-824b-d8c7b3291fb5" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_6b20efb6-9230-4df5-824b-d8c7b3291fb5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_ea37b929-7a63-425f-b5a7-8d963b6ec795" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_ea37b929-7a63-425f-b5a7-8d963b6ec795" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_679297e4-517a-4947-9a12-23811bf7dacc" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_679297e4-517a-4947-9a12-23811bf7dacc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_d270f114-a3c5-472c-9145-f688dc1e3058" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_d270f114-a3c5-472c-9145-f688dc1e3058" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_b0afddbe-5005-402b-8eff-b4edfba55afd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_b0afddbe-5005-402b-8eff-b4edfba55afd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_5acd4711-095e-477c-8c46-5c95d547268e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_InvestmentOtherSettlementsRelatedToInvestingActivities"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_805113e4-2865-4b77-ab26-529becd19edf" xlink:to="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_5acd4711-095e-477c-8c46-5c95d547268e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_8a9050ca-dc15-489b-84d3-cec807b854b1" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_19761079-bb83-40bd-bada-f09487867238" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_8a9050ca-dc15-489b-84d3-cec807b854b1" xlink:to="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_19761079-bb83-40bd-bada-f09487867238" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_bde3361e-112a-444b-b781-5ed1d299de18" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherAdjustmentsToReconcileProfitLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_8a9050ca-dc15-489b-84d3-cec807b854b1" xlink:to="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_bde3361e-112a-444b-b781-5ed1d299de18" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_5d89b3e0-5397-407a-8351-59952bd6343c" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_5d89b3e0-5397-407a-8351-59952bd6343c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_b6e1bb81-ed21-40b5-9563-aa2f7db985b3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_b6e1bb81-ed21-40b5-9563-aa2f7db985b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_8a4020b3-0e55-4e2a-b7fd-b2333aa1d7a9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_8a4020b3-0e55-4e2a-b7fd-b2333aa1d7a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_f988f496-d266-496f-b9b6-b41c900697b3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_f988f496-d266-496f-b9b6-b41c900697b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_b6a98b3c-730f-420e-b3b7-aa86b93e7f4d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2021-12-31.xsd#bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_b6a98b3c-730f-420e-b3b7-aa86b93e7f4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_99e00624-7f40-4811-85c0-886c6dca22d7" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:calculationArc order="6" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_9a73f732-2b16-4cc9-be36-0b0343d9dfeb" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_99e00624-7f40-4811-85c0-886c6dca22d7" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
