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

<!--XBRL Document Created with the Workiva Platform-->
<!--Copyright 2024 Workiva-->
<!--r:b1807166-7bde-45ed-a06e-47226cbeee6d,g:e241c961-f446-41fa-a77e-243f24a6a861-->
<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="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#EstadodesituacinfinancieraordendeliquidezStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodesituacinfinancieraordendeliquidezStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_f8d50086-aa51-4b5a-bf62-735130a9ce98" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReserves"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_Other_83746343-b76b-4f0c-bd01-8dfee4d58ca4" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_f8d50086-aa51-4b5a-bf62-735130a9ce98" xlink:to="loc_bbva_Other_83746343-b76b-4f0c-bd01-8dfee4d58ca4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_8a98d28f-e47f-4f84-a28c-e79d515acbe4" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_f8d50086-aa51-4b5a-bf62-735130a9ce98" xlink:to="loc_bbva_ReservesOrAccumulatedLossesOfInvestmentsInSubsidiariesJointVenturesAndAssociates_8a98d28f-e47f-4f84-a28c-e79d515acbe4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_a8da694e-eee8-49f5-b259-be3ebc7a2cef" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtAmortisedCost_43d8cfd2-4899-4052-b7b2-9825d47d52cb" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a8da694e-eee8-49f5-b259-be3ebc7a2cef" xlink:to="loc_bbva_DebtSecuritiesAtAmortisedCost_43d8cfd2-4899-4052-b7b2-9825d47d52cb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_399fc425-6c97-44a6-9afd-329f5facd6ab" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a8da694e-eee8-49f5-b259-be3ebc7a2cef" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksAtAmortisedCost_399fc425-6c97-44a6-9afd-329f5facd6ab" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToBanks_3adbd5af-deab-4f6a-abd3-b8548598e3a9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a8da694e-eee8-49f5-b259-be3ebc7a2cef" xlink:to="loc_ifrs-full_LoansAndAdvancesToBanks_3adbd5af-deab-4f6a-abd3-b8548598e3a9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LoansAndAdvancesToCustomers_40297e96-a1bc-4cd3-b8e9-489a3255dc59" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a8da694e-eee8-49f5-b259-be3ebc7a2cef" xlink:to="loc_ifrs-full_LoansAndAdvancesToCustomers_40297e96-a1bc-4cd3-b8e9-489a3255dc59" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_4439cbcb-529c-4a3c-8a34-275eed4d76cf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:to="loc_bbva_CustomerDepositsDesignatedAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_4439cbcb-529c-4a3c-8a34-275eed4d76cf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_c9ef2754-5a97-4a24-9e75-424307ef6b7d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:to="loc_bbva_DepositsFromCreditInstitutionsAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_c9ef2754-5a97-4a24-9e75-424307ef6b7d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_413731c3-6693-4bf0-82a4-5c9659d0b37a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:to="loc_bbva_DepositsFromCentralBanksAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_413731c3-6693-4bf0-82a4-5c9659d0b37a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_8be6a9f7-92b4-4f74-ac0a-9d049cf36bb9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:to="loc_bbva_OtherFinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_8be6a9f7-92b4-4f74-ac0a-9d049cf36bb9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_21bc96e5-e10e-41ee-9da3-d958e116be77" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_c7fc5d15-30fd-4f35-971a-f453060f11c4" xlink:to="loc_bbva_DebtCertificatesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_21bc96e5-e10e-41ee-9da3-d958e116be77" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_655d96ef-37d4-4373-9d0f-30ae5be48e4d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Equity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_9cbf3010-2195-44d0-b665-c81136d07d4d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_655d96ef-37d4-4373-9d0f-30ae5be48e4d" xlink:to="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_9cbf3010-2195-44d0-b665-c81136d07d4d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_c74f17e0-8b96-4119-ab80-a803897b6ec5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_655d96ef-37d4-4373-9d0f-30ae5be48e4d" xlink:to="loc_ifrs-full_NoncontrollingInterests_c74f17e0-8b96-4119-ab80-a803897b6ec5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_68f87aac-0e7b-4db1-a85a-60e5fc2beeb8" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_655d96ef-37d4-4373-9d0f-30ae5be48e4d" xlink:to="loc_bbva_ShareholdersEquity_68f87aac-0e7b-4db1-a85a-60e5fc2beeb8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_8defd58a-83b0-425e-a975-38d1c23763ce" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_aa53778c-8b74-4ba5-a71d-7acc76ec16b5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_8defd58a-83b0-425e-a975-38d1c23763ce" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossDesignatedUponInitialRecognitionOrSubsequently_aa53778c-8b74-4ba5-a71d-7acc76ec16b5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCost"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesDueToCentralBanks_3343a72a-2828-4664-bf23-420245716245" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:to="loc_ifrs-full_LiabilitiesDueToCentralBanks_3343a72a-2828-4664-bf23-420245716245" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromBanks_c1cb126f-5606-4ef1-96bb-99a7b60521b1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:to="loc_ifrs-full_DepositsFromBanks_c1cb126f-5606-4ef1-96bb-99a7b60521b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepositsFromCustomers_40667e83-c787-4113-9b14-7d1554baa7ae" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:to="loc_ifrs-full_DepositsFromCustomers_40667e83-c787-4113-9b14-7d1554baa7ae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DebtSecurities_1c282812-6df5-43d5-b228-b197043d0a13" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:to="loc_ifrs-full_DebtSecurities_1c282812-6df5-43d5-b228-b197043d0a13" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherFinancialLiabilities_2c6168e3-1588-4ce2-ac1f-f077bfba3a05" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_980d7f89-e336-4d4b-8c5c-7606dbc0876c" xlink:to="loc_ifrs-full_OtherFinancialLiabilities_2c6168e3-1588-4ce2-ac1f-f077bfba3a05" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b206493b-0320-4b26-94df-696668804b5d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_206ca8bc-d21b-45ea-81bd-e9ed9da15d61" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_HedgeOfNetInvestmentsInForeignOperationsEffectivePortionThatMayBeReclassifiedToProfitOrLoss_206ca8bc-d21b-45ea-81bd-e9ed9da15d61" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_2a3e49ba-43fa-4e13-b974-67dec035606e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_ForeignCurrencyTranslationThatMayBeReclassifiedToProfitOrLoss_2a3e49ba-43fa-4e13-b974-67dec035606e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_fbaf613f-4481-45f1-9aa8-c542dd44ede2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_HedgingDerivativesCashFlowHedgesEffectivePortionThatMayBeReclassifiedToProfitOrLoss_fbaf613f-4481-45f1-9aa8-c542dd44ede2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_f79b24b0-fdd5-4b45-ad74-f25fb98f40a6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_FairValueChangesOfDebtInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatMayBeReclassifiedToProfitOrLoss_f79b24b0-fdd5-4b45-ad74-f25fb98f40a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_2d0b2164-9fea-4df6-82a5-f6fb5af4b393" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_HedgingInstrumentsNonDesignatedItemsThatMayBeReclassifiedToProfitOrLoss_2d0b2164-9fea-4df6-82a5-f6fb5af4b393" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_5090daea-3761-4d99-bfac-4272718863dd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatMayBeReclassifiedToProfitOrLoss_5090daea-3761-4d99-bfac-4272718863dd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_9820c82d-f99c-4d0e-8872-3682a1cb9b1b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b206493b-0320-4b26-94df-696668804b5d" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatMayBeReclassifiedToProfitOrLoss_9820c82d-f99c-4d0e-8872-3682a1cb9b1b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_43836e0c-f1a8-4d04-8c8e-f3db37fe5b9e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_281f52d9-5e98-4862-a59e-9ba74af902a6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_43836e0c-f1a8-4d04-8c8e-f3db37fe5b9e" xlink:to="loc_bbva_LoansAndAdvancesToCreditInstitutionsAtFairValueThroughOtherComprehensiveIncome_281f52d9-5e98-4862-a59e-9ba74af902a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_908344c6-ab8a-4509-9b43-6dea4b22791b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_43836e0c-f1a8-4d04-8c8e-f3db37fe5b9e" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_908344c6-ab8a-4509-9b43-6dea4b22791b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_cd2c95bb-2aec-4ba8-8801-190cd065b4ec" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_43836e0c-f1a8-4d04-8c8e-f3db37fe5b9e" xlink:to="loc_ifrs-full_FairValueOfInvestmentsInEquityInstrumentsDesignatedAsMeasuredAtFairValueThroughOtherComprehensiveIncome_cd2c95bb-2aec-4ba8-8801-190cd065b4ec" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_f363d280-cdae-4cab-bd3e-8ebd115722f5" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TangibleAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_cccaeeea-fc0c-41da-b85c-87a13420f8fe" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_f363d280-cdae-4cab-bd3e-8ebd115722f5" xlink:to="loc_ifrs-full_PropertyPlantAndEquipment_cccaeeea-fc0c-41da-b85c-87a13420f8fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentProperty_5de4593c-80f7-4bf1-a55d-1d4a8aceaea5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_f363d280-cdae-4cab-bd3e-8ebd115722f5" xlink:to="loc_ifrs-full_InvestmentProperty_5de4593c-80f7-4bf1-a55d-1d4a8aceaea5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedOtherComprehensiveIncome_a7949af0-df2e-4b6e-bd11-3e068b93a7ae" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_ac9b58a1-aabf-491a-88f6-91d2e81bb50f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a7949af0-df2e-4b6e-bd11-3e068b93a7ae" xlink:to="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_ac9b58a1-aabf-491a-88f6-91d2e81bb50f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_369cce9c-0332-4829-af5f-faf91ce34e54" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a7949af0-df2e-4b6e-bd11-3e068b93a7ae" xlink:to="loc_bbva_ItemsThatMayBeReclassifiedToProfitOrLoss_369cce9c-0332-4829-af5f-faf91ce34e54" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_d2bd961b-4923-4b17-ae80-8251d4879cf0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Goodwill_ea049362-29a2-4649-a440-3398fb6c36b7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_d2bd961b-4923-4b17-ae80-8251d4879cf0" xlink:to="loc_ifrs-full_Goodwill_ea049362-29a2-4649-a440-3398fb6c36b7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_6ff2ebd4-2f7e-4b98-8557-700705b320e1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_d2bd961b-4923-4b17-ae80-8251d4879cf0" xlink:to="loc_ifrs-full_IntangibleAssetsOtherThanGoodwill_6ff2ebd4-2f7e-4b98-8557-700705b320e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_5682a599-862d-44f0-b294-49d3a9e8a85e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InsuranceContractsLinkedToPensions_6796be0d-00f0-4f71-94ed-dfd1610997d3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_5682a599-862d-44f0-b294-49d3a9e8a85e" xlink:to="loc_bbva_InsuranceContractsLinkedToPensions_6796be0d-00f0-4f71-94ed-dfd1610997d3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_RestOfOtherAssets_447b45d0-8ed9-4368-be0e-93c12cb6c1ad" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_RestOfOtherAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_5682a599-862d-44f0-b294-49d3a9e8a85e" xlink:to="loc_bbva_RestOfOtherAssets_447b45d0-8ed9-4368-be0e-93c12cb6c1ad" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InventoriesTotal_04adcda9-7523-48ef-8fb2-4bcff8f228cc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InventoriesTotal"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherAssets_5682a599-862d-44f0-b294-49d3a9e8a85e" xlink:to="loc_ifrs-full_InventoriesTotal_04adcda9-7523-48ef-8fb2-4bcff8f228cc" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_99b17e5b-7d99-42fe-ab6d-863d761e5b74" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IssuedCapital"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaidUpCapital_d999912a-307f-47ac-9b4a-53df40bfc3e9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_99b17e5b-7d99-42fe-ab6d-863d761e5b74" xlink:to="loc_bbva_PaidUpCapital_d999912a-307f-47ac-9b4a-53df40bfc3e9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_c173daf0-5e14-407d-a93c-3f4cf4431353" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_99b17e5b-7d99-42fe-ab6d-863d761e5b74" xlink:to="loc_bbva_UnpaidCapitalWhichHasBeenCalledUp_c173daf0-5e14-407d-a93c-3f4cf4431353" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_3eff8cdc-83dc-49ff-8dee-952c7482db8d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_ActuarialGainsOrLossesOnDefinedBenefitPensionPlansThatWillNotBeReclassifiedToProfitOrLoss_3eff8cdc-83dc-49ff-8dee-952c7482db8d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_0267a576-c9f3-4644-9fc5-f70fd730073b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleThatWillNotBeReclassifiedToProfitOrLoss_0267a576-c9f3-4644-9fc5-f70fd730073b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_bead19d3-f71f-4bc8-8f6f-61dc541a5509" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ItemsThatWillNotBeReclassifiedToProfitOrLoss_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_ShareOfOtherRecognizedIncomeAndExpenseOfInvestmentsInJointVenturesAndAssociatesThatWillNotBeReclassifiedToProfitOrLoss_bead19d3-f71f-4bc8-8f6f-61dc541a5509" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_c8607b51-25cf-487d-9b3d-651e242b8c02" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_FairValueChangesOfEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_c8607b51-25cf-487d-9b3d-651e242b8c02" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_ab164738-728a-4ad1-9777-c8ce485e718b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_HedgeIneffectivenessOfFairValueHedgesForEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_ab164738-728a-4ad1-9777-c8ce485e718b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_fd65aac2-a2de-457b-bf8c-59cd5227af30" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_faf417d1-abfc-4ae0-aa4b-4a04073746df" xlink:to="loc_bbva_FairValueChangesOfFinancialLiabilitiesAtFairValueThroughProfitOrLossAttributableToChangesInTheirCreditRisk_fd65aac2-a2de-457b-bf8c-59cd5227af30" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EquityAndLiabilities_a126c268-ff07-437a-b083-d1abdb91164a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EquityAndLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_e93140ee-2182-4fa5-86fe-a09cf9c48f5f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a126c268-ff07-437a-b083-d1abdb91164a" xlink:to="loc_ifrs-full_Liabilities_e93140ee-2182-4fa5-86fe-a09cf9c48f5f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Equity_92e20e2f-1747-433f-ae92-69aa51794ff8" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a126c268-ff07-437a-b083-d1abdb91164a" xlink:to="loc_ifrs-full_Equity_92e20e2f-1747-433f-ae92-69aa51794ff8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Liabilities_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Liabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_de0c6457-7464-452d-a9ad-288c5fa6ccfb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_de0c6457-7464-452d-a9ad-288c5fa6ccfb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_32857e55-dd3f-4aad-953b-ae0ca2a1df2a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_32857e55-dd3f-4aad-953b-ae0ca2a1df2a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_58802b23-ae46-4cfe-94b2-36455b1d40be" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_FinancialLiabilitiesAtAmortisedCost_58802b23-ae46-4cfe-94b2-36455b1d40be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_c47e949b-3704-4a34-86ec-ef55c4d2e3fd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_c47e949b-3704-4a34-86ec-ef55c4d2e3fd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_c8c4452c-3b90-4c88-85b5-521ae5942629" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities_c8c4452c-3b90-4c88-85b5-521ae5942629" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_794df73a-9a6b-4e49-bedf-78ef3e2d1592" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_LiabilitiesArisingFromInsuranceContracts_794df73a-9a6b-4e49-bedf-78ef3e2d1592" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_ae829460-7b99-409a-83c7-38ec16b6afa7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_Provisions_ae829460-7b99-409a-83c7-38ec16b6afa7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_26d58f56-8616-4b4f-962b-3e95f52515f8" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TaxLiabilities"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_bbva_TaxLiabilities_26d58f56-8616-4b4f-962b-3e95f52515f8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherLiabilities_aecb2769-aa96-4438-94c3-33d8582885cd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherLiabilities"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_OtherLiabilities_aecb2769-aa96-4438-94c3-33d8582885cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_651fa203-2883-4597-b701-6e92e9313160" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Liabilities_a14b32f9-8458-49fa-9825-d4b759e946bd" xlink:to="loc_ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_651fa203-2883-4597-b701-6e92e9313160" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsHeldForTrading_612a2381-372f-40f3-bc18-a1dab9d5d9cd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_EquityInstrumentsHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_bbva_EquityInstrumentsHeldForTrading_612a2381-372f-40f3-bc18-a1dab9d5d9cd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_fd534a3b-7acb-4807-86ca-4871daeb725e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_LoansAndAdvancesToCustomersHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_bbva_LoansAndAdvancesToCustomersHeldForTrading_fd534a3b-7acb-4807-86ca-4871daeb725e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_b79f84e4-bd79-427c-8cc1-13c87b525e2e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_bbva_LoansAndAdvancesToCreditInstitutionsHeldForTrading_b79f84e4-bd79-427c-8cc1-13c87b525e2e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_df9de7ab-4045-40b2-afbd-79ecb9f4486d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_bbva_LoansAndAdvancesToCentralBanksHeldForTrading_df9de7ab-4045-40b2-afbd-79ecb9f4486d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_e4d4d5bc-79e9-4883-8496-2e0decec1f5b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForTrading_e4d4d5bc-79e9-4883-8496-2e0decec1f5b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesHeldForTrading_bcacd0f5-d067-49d1-8ad3-8ca9fdb35865" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_DebtSecuritiesHeldForTrading"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_28cab623-0dcc-4a88-a87b-e7b220ebaa11" xlink:to="loc_bbva_DebtSecuritiesHeldForTrading_bcacd0f5-d067-49d1-8ad3-8ca9fdb35865" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_9855793f-efc3-404f-83da-d6dbb0bdc41a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInJointVentures_6c9fd91b-06a0-4737-8230-44f5d97129db" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_9855793f-efc3-404f-83da-d6dbb0bdc41a" xlink:to="loc_ifrs-full_InvestmentsInJointVentures_6c9fd91b-06a0-4737-8230-44f5d97129db" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInAssociates_d62aae0b-50b2-4c2e-8e59-eef65c133126" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_9855793f-efc3-404f-83da-d6dbb0bdc41a" xlink:to="loc_ifrs-full_InvestmentsInAssociates_d62aae0b-50b2-4c2e-8e59-eef65c133126" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxLiabilities_3baab9a2-4e3b-47e5-a9bd-2d72f918e7e9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TaxLiabilities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxLiabilities_a85d2527-7f25-42f4-b92a-4ab20310d96d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3baab9a2-4e3b-47e5-a9bd-2d72f918e7e9" xlink:to="loc_ifrs-full_CurrentTaxLiabilities_a85d2527-7f25-42f4-b92a-4ab20310d96d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_c16db851-97ef-4b7d-b3d6-80bb20485f91" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3baab9a2-4e3b-47e5-a9bd-2d72f918e7e9" xlink:to="loc_ifrs-full_DeferredTaxLiabilities_c16db851-97ef-4b7d-b3d6-80bb20485f91" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Provisions_b041d58c-f08c-45b2-929b-30a126d95494" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Provisions"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalProceedingsProvision_c9ba2a55-4fac-4c9e-8b38-08547da51a48" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_b041d58c-f08c-45b2-929b-30a126d95494" xlink:to="loc_ifrs-full_LegalProceedingsProvision_c9ba2a55-4fac-4c9e-8b38-08547da51a48" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProvisionsForEmployeeBenefits_0842e21c-7c79-4d37-9a41-2f7a9f2641c1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProvisionsForEmployeeBenefits"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_b041d58c-f08c-45b2-929b-30a126d95494" xlink:to="loc_ifrs-full_ProvisionsForEmployeeBenefits_0842e21c-7c79-4d37-9a41-2f7a9f2641c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherProvisions_b133c9da-1f53-4f8e-b0c6-b075d2431e33" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_b041d58c-f08c-45b2-929b-30a126d95494" xlink:to="loc_ifrs-full_OtherProvisions_b133c9da-1f53-4f8e-b0c6-b075d2431e33" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherLongTermEmployeeBenefits_22b66f99-fd47-42c6-b989-bb3f447e5f93" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_OtherLongTermEmployeeBenefits"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Provisions_b041d58c-f08c-45b2-929b-30a126d95494" xlink:to="loc_bbva_OtherLongTermEmployeeBenefits_22b66f99-fd47-42c6-b989-bb3f447e5f93" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_b68e245b-ec2d-4d74-be18-d130a860f08f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_b041d58c-f08c-45b2-929b-30a126d95494" xlink:to="loc_bbva_ProvisionsCommitmentsAndGuaranteesGiven_b68e245b-ec2d-4d74-be18-d130a860f08f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncontrollingInterests_1a41b2a1-92ba-4ea4-8430-5307f6e24f9c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncontrollingInterests"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_d6566e9a-c8be-4087-b91c-af8dd5c32cb2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_1a41b2a1-92ba-4ea4-8430-5307f6e24f9c" xlink:to="loc_bbva_AccumulatedOtherComprehensiveIncomeNonControllingInterest_d6566e9a-c8be-4087-b91c-af8dd5c32cb2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherNonControllingInterestItems_68669b4c-2475-475a-9a59-0c22c6d3d409" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_1a41b2a1-92ba-4ea4-8430-5307f6e24f9c" xlink:to="loc_bbva_OtherNonControllingInterestItems_68669b4c-2475-475a-9a59-0c22c6d3d409" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Assets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_e5be989d-139f-48cb-aafe-b780afb0b3b1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_e5be989d-139f-48cb-aafe-b780afb0b3b1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents_f15bc07a-ac87-48a8-8347-f6f04b8f4fe8" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_CashAndCashEquivalents_f15bc07a-ac87-48a8-8347-f6f04b8f4fe8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_a13ec284-3ce9-4ea5-a623-64b7d0bc416c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_a13ec284-3ce9-4ea5-a623-64b7d0bc416c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_86337489-4f89-4706-a0e1-6fe1154b9c42" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncome_86337489-4f89-4706-a0e1-6fe1154b9c42" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_cbe7b912-33a9-4770-acd8-e3386e4c321a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TaxAssets"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_bbva_TaxAssets_cbe7b912-33a9-4770-acd8-e3386e4c321a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_767178b6-e27d-43ab-95d9-41e5a4b2d03f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets_767178b6-e27d-43ab-95d9-41e5a4b2d03f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IntangibleAssetsAndGoodwill_65620cc3-c03b-4381-a334-49bcdbff62eb" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_IntangibleAssetsAndGoodwill_65620cc3-c03b-4381-a334-49bcdbff62eb" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_4544a61c-59b4-43fa-adaa-29f5d55d9e57" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossDesignatedAsUponInitialRecognition_4544a61c-59b4-43fa-adaa-29f5d55d9e57" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_ed75db90-4d12-4978-8e78-351f382a14e6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_ed75db90-4d12-4978-8e78-351f382a14e6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_64aa6dff-0d44-4cb9-b009-d2ae76cda23f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociates_64aa6dff-0d44-4cb9-b009-d2ae76cda23f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtAmortisedCost_4ad448ed-2478-4dfa-9ec6-c9f2cd8d4427" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtAmortisedCost"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_FinancialAssetsAtAmortisedCost_4ad448ed-2478-4dfa-9ec6-c9f2cd8d4427" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_9274472c-2e12-4aef-a37e-d04fe96679c5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_DerivativeFinancialAssetsHeldForHedging_9274472c-2e12-4aef-a37e-d04fe96679c5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_d973b9f6-50e7-4f84-99a3-22e2e49947d5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued"/>
    <link:calculationArc order="13" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_AssetsUnderInsuranceContractsAndReinsuranceContractsIssued_d973b9f6-50e7-4f84-99a3-22e2e49947d5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssets_960ceb2e-a9cc-44c3-89b1-dbd8d8badbde" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TangibleAssets"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_bbva_TangibleAssets_960ceb2e-a9cc-44c3-89b1-dbd8d8badbde" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAssets_f951169e-1a89-4512-89ad-167794ba8c3f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherAssets"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_Assets_c2074fb9-d249-4d03-8c70-b292ea3bea2e" xlink:to="loc_ifrs-full_OtherAssets_f951169e-1a89-4512-89ad-167794ba8c3f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TaxAssets_35ce6b3c-1c9c-4c1d-960e-3c12280e342c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_TaxAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentTaxAssets_53e04c9c-2c96-4706-b17c-3cd945c05649" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_35ce6b3c-1c9c-4c1d-960e-3c12280e342c" xlink:to="loc_ifrs-full_CurrentTaxAssets_53e04c9c-2c96-4706-b17c-3cd945c05649" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DeferredTaxAssets_11f550f8-02fe-4d52-a256-734a292b5420" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_35ce6b3c-1c9c-4c1d-960e-3c12280e342c" xlink:to="loc_ifrs-full_DeferredTaxAssets_11f550f8-02fe-4d52-a256-734a292b5420" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCentralBanksHeldForTrading_df11edc3-788d-47e2-9351-7dadd6be0d2d" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_DepositsFromCentralBanksHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:to="loc_bbva_DepositsFromCentralBanksHeldForTrading_df11edc3-788d-47e2-9351-7dadd6be0d2d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_39aaba73-243e-4547-b5f7-15719b67cd9e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:to="loc_ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_39aaba73-243e-4547-b5f7-15719b67cd9e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CustomerDepositsHeldForTrading_809440a5-2dc1-4eda-b73d-dfd92e1ef53e" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_CustomerDepositsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:to="loc_bbva_CustomerDepositsHeldForTrading_809440a5-2dc1-4eda-b73d-dfd92e1ef53e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_d71af062-2ea0-4a41-b2e4-57bbe7ee0025" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:to="loc_bbva_DepositsFromCreditInstitutionsHeldForTrading_d71af062-2ea0-4a41-b2e4-57bbe7ee0025" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_9464533d-f438-4774-82ac-f5605a90e99c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ShortPositionsFinancialLiabiltiesHeldForTrading"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_31d9fdac-e09f-4b6e-a838-effc355156a3" xlink:to="loc_bbva_ShortPositionsFinancialLiabiltiesHeldForTrading_9464533d-f438-4774-82ac-f5605a90e99c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_bb4c2da0-ae5b-4d5c-b708-b33b8fbfb095" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_e97ce204-e461-49ac-86d7-10b0260b6c07" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_bb4c2da0-ae5b-4d5c-b708-b33b8fbfb095" xlink:to="loc_bbva_EquityInstrumentsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_e97ce204-e461-49ac-86d7-10b0260b6c07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_0859747b-b6d6-409f-acb6-f873905c081b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_bb4c2da0-ae5b-4d5c-b708-b33b8fbfb095" xlink:to="loc_bbva_DebtSecuritiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_0859747b-b6d6-409f-acb6-f873905c081b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_3d669481-779f-475e-bba3-2b8d226081bf" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_bb4c2da0-ae5b-4d5c-b708-b33b8fbfb095" xlink:to="loc_bbva_LoansAndAdvancesToCustomersAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_3d669481-779f-475e-bba3-2b8d226081bf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ShareholdersEquity"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IssuedCapital_15454c68-9dfa-4e57-97a9-dabc03096714" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_IssuedCapital_15454c68-9dfa-4e57-97a9-dabc03096714" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherEquityInterest_3a488bc0-f1b4-4060-bbbb-a50164961099" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherEquityInterest"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_OtherEquityInterest_3a488bc0-f1b4-4060-bbbb-a50164961099" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RetainedEarnings_6dadef69-db56-412c-9ec4-0f87bc1ec12b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RetainedEarnings"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_RetainedEarnings_6dadef69-db56-412c-9ec4-0f87bc1ec12b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InterimDividend_b59b1ea2-3117-49d2-bb54-5abffec8c48a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_InterimDividend"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_bbva_InterimDividend_b59b1ea2-3117-49d2-bb54-5abffec8c48a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherReserves_73d51fcd-3860-4cb8-a9b2-75a46fd31cbd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherReserves"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_OtherReserves_73d51fcd-3860-4cb8-a9b2-75a46fd31cbd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_060c818d-d133-4a2e-bdc8-6b2940a0c5d4" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_EquityInstrumentsIssuedOtherThanCapital"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_bbva_EquityInstrumentsIssuedOtherThanCapital_060c818d-d133-4a2e-bdc8-6b2940a0c5d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_TreasuryShares_cd12815c-5ab8-4f9d-83ba-b27ad23d2da2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TreasuryShares"/>
    <link:calculationArc order="7" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_TreasuryShares_cd12815c-5ab8-4f9d-83ba-b27ad23d2da2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProfitLossAttributableToOwnersOfParent_e767f756-31a3-4751-9ad8-c94b5e96456f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_bbva_ProfitLossAttributableToOwnersOfParent_e767f756-31a3-4751-9ad8-c94b5e96456f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SharePremium_976a8330-20f4-4a5f-be40-f1c17b12bf64" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SharePremium"/>
    <link:calculationArc order="9" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_SharePremium_976a8330-20f4-4a5f-be40-f1c17b12bf64" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevaluationSurplus_75a952d7-e9e7-43e2-89c1-72f4efcdca04" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevaluationSurplus"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ShareholdersEquity_4f04b23f-8ec1-4ce6-b513-9ed9035649c9" xlink:to="loc_ifrs-full_RevaluationSurplus_75a952d7-e9e7-43e2-89c1-72f4efcdca04" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_a89630f5-9c0c-46e6-a8b2-9c20bcdbff3c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TangibleAssetsForOwnUse_c5554155-623a-4991-8648-90ea1cb9d1c1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a89630f5-9c0c-46e6-a8b2-9c20bcdbff3c" xlink:to="loc_bbva_TangibleAssetsForOwnUse_c5554155-623a-4991-8648-90ea1cb9d1c1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_8d7eaf17-ec2f-4263-b21b-4b9b0cf4ec91" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_a89630f5-9c0c-46e6-a8b2-9c20bcdbff3c" xlink:to="loc_bbva_OtherTangibleAssetsLeasedOutUnderAnOperatingLease_8d7eaf17-ec2f-4263-b21b-4b9b0cf4ec91" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_ProfitLoss_83d4850d-ee74-4663-b1c8-98a536d15567" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_b1e4d017-3484-4796-bed6-c8b46f586eb4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLoss_83d4850d-ee74-4663-b1c8-98a536d15567" xlink:to="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent_b1e4d017-3484-4796-bed6-c8b46f586eb4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_e4cec95b-9960-4016-ada4-8b87a5ed99bd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_ProfitLoss_83d4850d-ee74-4663-b1c8-98a536d15567" xlink:to="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_e4cec95b-9960-4016-ada4-8b87a5ed99bd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_8a6fc748-5fee-47a1-a1d3-37c9e3b20d60" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_e9037795-a631-45a0-9459-d8d6aac5cb71" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_8a6fc748-5fee-47a1-a1d3-37c9e3b20d60" xlink:to="loc_ifrs-full_RevenueFromInterest_e9037795-a631-45a0-9459-d8d6aac5cb71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestExpense_e23d189c-f946-4ec3-88d0-9b2a72325f25" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_8a6fc748-5fee-47a1-a1d3-37c9e3b20d60" xlink:to="loc_ifrs-full_InterestExpense_e23d189c-f946-4ec3-88d0-9b2a72325f25" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_5d99e9a8-084e-4317-ac8f-983942f9dd52" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_910205b0-71e4-45da-a659-d3c479f0f871" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_5d99e9a8-084e-4317-ac8f-983942f9dd52" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_910205b0-71e4-45da-a659-d3c479f0f871" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_eedeaca3-f887-4344-8e0e-895560740440" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_5d99e9a8-084e-4317-ac8f-983942f9dd52" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_eedeaca3-f887-4344-8e0e-895560740440" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_d245be15-64d9-458a-b372-2d12796a9d78" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_5d99e9a8-084e-4317-ac8f-983942f9dd52" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_d245be15-64d9-458a-b372-2d12796a9d78" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromInterest_8c82c5a7-4026-486c-b16e-3e8f85a1efbc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromInterest"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FinancialAssetsAtAmortizedCostInterestAndOtherIncome_6b53cc42-87bc-4d07-bb07-19ae97bc08ea" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_FinancialAssetsAtAmortizedCostInterestAndOtherIncome"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_8c82c5a7-4026-486c-b16e-3e8f85a1efbc" xlink:to="loc_bbva_FinancialAssetsAtAmortizedCostInterestAndOtherIncome_6b53cc42-87bc-4d07-bb07-19ae97bc08ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherInterestIncomeInterestAndOtherIncome_e475fbff-f924-40a7-a0ee-1695e7c50854" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_OtherInterestIncomeInterestAndOtherIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_8c82c5a7-4026-486c-b16e-3e8f85a1efbc" xlink:to="loc_bbva_OtherInterestIncomeInterestAndOtherIncome_e475fbff-f924-40a7-a0ee-1695e7c50854" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeInterestAndOtherIncome_ba6384c3-ece8-4dd4-9215-1a943e367fae" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeInterestAndOtherIncome"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_RevenueFromInterest_8c82c5a7-4026-486c-b16e-3e8f85a1efbc" xlink:to="loc_bbva_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeInterestAndOtherIncome_ba6384c3-ece8-4dd4-9215-1a943e367fae" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GrossProfit"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_7f8ef0de-14b8-496a-ab61-e555a3993171" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_7f8ef0de-14b8-496a-ab61-e555a3993171" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionIncome_c16703bd-3e06-40c1-8d43-0aa6ca585acf" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FeeAndCommissionIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_FeeAndCommissionIncome_c16703bd-3e06-40c1-8d43-0aa6ca585acf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestRevenueExpense_74006334-e1c9-4102-9a8c-90c91f63a941" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestRevenueExpense"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_InterestRevenueExpense_74006334-e1c9-4102-9a8c-90c91f63a941" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_92be771d-e2c3-4e47-be1d-f140d548a0d1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_92be771d-e2c3-4e47-be1d-f140d548a0d1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingExpense_b1483ce5-a6c2-475a-8261-d55252b0a10b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingExpense"/>
    <link:calculationArc order="5" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingExpense_b1483ce5-a6c2-475a-8261-d55252b0a10b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_cd0b6623-2e94-4a13-9b9f-9b56d9271de3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesDesignatedAtFairValueThroughProfitOrLossNet_cd0b6623-2e94-4a13-9b9f-9b56d9271de3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeArisingFromInsuranceContracts_61f34b41-993d-4965-8bdf-afbad33412a6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeArisingFromInsuranceContracts"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_IncomeArisingFromInsuranceContracts_61f34b41-993d-4965-8bdf-afbad33412a6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_MiscellaneousOtherOperatingIncome_54ab8b3b-f64f-4573-b655-1f6059406eb1" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_MiscellaneousOtherOperatingIncome"/>
    <link:calculationArc order="8" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_MiscellaneousOtherOperatingIncome_54ab8b3b-f64f-4573-b655-1f6059406eb1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_0644ef36-864d-4eca-aeb0-a79b5840399e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ExpenseArisingFromInsuranceContracts"/>
    <link:calculationArc order="9" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_ExpenseArisingFromInsuranceContracts_0644ef36-864d-4eca-aeb0-a79b5840399e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_fff8e3f1-2a5a-4884-8ab0-3bd75a04ac71" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue"/>
    <link:calculationArc order="10" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValue_fff8e3f1-2a5a-4884-8ab0-3bd75a04ac71" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_5ee01fa8-e724-4752-a5f7-6af2f768f55d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss"/>
    <link:calculationArc order="11" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss_5ee01fa8-e724-4752-a5f7-6af2f768f55d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueFromDividends_a9861200-3893-4d0e-b137-3da73313ca2e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RevenueFromDividends"/>
    <link:calculationArc order="12" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_RevenueFromDividends_a9861200-3893-4d0e-b137-3da73313ca2e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FeeAndCommissionExpense_8055faec-2f04-4afc-883e-8ef231f25a07" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FeeAndCommissionExpense"/>
    <link:calculationArc order="13" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_ifrs-full_FeeAndCommissionExpense_8055faec-2f04-4afc-883e-8ef231f25a07" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_de379640-559b-412f-aa76-9dfca863b7f6" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet"/>
    <link:calculationArc order="14" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_de379640-559b-412f-aa76-9dfca863b7f6" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_bac1721a-6f20-40ae-a33b-977ed438aa44" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
    <link:calculationArc order="15" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_GrossProfit_60fc2f72-1491-4b41-9f07-12614656dbcc" xlink:to="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_bac1721a-6f20-40ae-a33b-977ed438aa44" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_b83e03fc-cb48-473f-bcaf-815797e959f6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_579a6325-e4ac-4091-82f2-b56e734bd4e5" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_b83e03fc-cb48-473f-bcaf-815797e959f6" xlink:to="loc_ifrs-full_ProfitLossBeforeTax_579a6325-e4ac-4091-82f2-b56e734bd4e5" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_b2887bcb-99b9-4db4-9588-78a572a51ea4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_b83e03fc-cb48-473f-bcaf-815797e959f6" xlink:to="loc_ifrs-full_IncomeTaxExpenseContinuingOperations_b2887bcb-99b9-4db4-9588-78a572a51ea4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_159a8790-620d-4a4b-9532-45f3138acd63" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_3385fc63-335c-47be-a099-de9201a93ae7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfOtherGainsLossesToHeldForTrading"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_159a8790-620d-4a4b-9532-45f3138acd63" xlink:to="loc_bbva_ReclassificationOfOtherGainsLossesToHeldForTrading_3385fc63-335c-47be-a099-de9201a93ae7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_f326185c-aaf9-4e92-b95f-8d7f0c700f94" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_159a8790-620d-4a4b-9532-45f3138acd63" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromAmortizedCostToHeldForTrading_f326185c-aaf9-4e92-b95f-8d7f0c700f94" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_b16969c8-c3b9-43b8-9629-15db69273e0b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnFinancialAssetsAndLiabilitiesHeldForTradingNet_159a8790-620d-4a4b-9532-45f3138acd63" xlink:to="loc_bbva_ReclassificationOfFinancialAssetsFromFairValueThroughOtherComprehensiveIncomeToHeldForTrading_b16969c8-c3b9-43b8-9629-15db69273e0b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_9779e342-612f-4187-8d22-441aa46954e0" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_48b99ec8-702d-4f0b-b8e3-fb9b30365588" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_9779e342-612f-4187-8d22-441aa46954e0" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnOtherNonFinancialAssets_48b99ec8-702d-4f0b-b8e3-fb9b30365588" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_92d2e176-3c39-44f5-a31c-27aa87e8700f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_9779e342-612f-4187-8d22-441aa46954e0" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialTangibleAssets_92d2e176-3c39-44f5-a31c-27aa87e8700f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_288c18cf-f2cf-4e8f-b15e-12f53cf00a41" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_9779e342-612f-4187-8d22-441aa46954e0" xlink:to="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsAndGoodwill_288c18cf-f2cf-4e8f-b15e-12f53cf00a41" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_1647a97f-265b-4ebb-97d4-0d14d16aca5d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:to="loc_ifrs-full_AdministrativeExpense_1647a97f-265b-4ebb-97d4-0d14d16aca5d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_db15ab63-5765-46dc-b555-c3bc4ea78ea3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:to="loc_ifrs-full_ImpairmentLossOnFinancialAssets_db15ab63-5765-46dc-b555-c3bc4ea78ea3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GrossProfit_ce99b32f-f409-4515-821e-503a2fe2ce35" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:to="loc_ifrs-full_GrossProfit_ce99b32f-f409-4515-821e-503a2fe2ce35" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ProvisionsOrReversalOfProvisions_c279b0e8-4234-4292-85f2-2d83e1540dfd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:to="loc_bbva_ProvisionsOrReversalOfProvisions_c279b0e8-4234-4292-85f2-2d83e1540dfd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense_b2d099f3-ca11-43e9-a9f0-0fb919d90e2b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_629e2174-9efc-43e4-bd45-e387c9df3fe2" xlink:to="loc_ifrs-full_DepreciationAndAmortisationExpense_b2d099f3-ca11-43e9-a9f0-0fb919d90e2b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdministrativeExpense_542d7136-7b7f-437a-968f-0ea88529de55" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdministrativeExpense"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense_4e65c440-01ee-4316-bec7-f024a1ed402e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_542d7136-7b7f-437a-968f-0ea88529de55" xlink:to="loc_ifrs-full_EmployeeBenefitsExpense_4e65c440-01ee-4316-bec7-f024a1ed402e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherExpenseByFunction_37a41420-3e61-4870-88ff-dd711ab2f091" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_542d7136-7b7f-437a-968f-0ea88529de55" xlink:to="loc_ifrs-full_OtherExpenseByFunction_37a41420-3e61-4870-88ff-dd711ab2f091" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ImpairmentLossOnFinancialAssets_47fb7d0c-111e-45b8-94b7-996957cb2633" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossOnFinancialAssets"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_c13b1d0b-a770-4d87-baf9-19bd5b05eaa9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_47fb7d0c-111e-45b8-94b7-996957cb2633" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsAtAmortisedCost_c13b1d0b-a770-4d87-baf9-19bd5b05eaa9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7a6496e4-729e-4878-a935-575e91f0f190" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_47fb7d0c-111e-45b8-94b7-996957cb2633" xlink:to="loc_bbva_ImpairmentLossOnFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_7a6496e4-729e-4878-a935-575e91f0f190" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_5cc1abe9-5416-4943-a995-71edf7cfd2d7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_7014fbea-fea4-44b0-9cd3-64796b13d703" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_5cc1abe9-5416-4943-a995-71edf7cfd2d7" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfFinancialAssetsAtAmortizedCost_7014fbea-fea4-44b0-9cd3-64796b13d703" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_d4f099fb-64bc-4759-a16d-94ee4e02e1e1" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_GainsOrLossesOnDerecognitionOfFinancialAssetsAndLiabilitiesNotMeasuredAtFairValueThoughProfitOrLossNet_5cc1abe9-5416-4943-a995-71edf7cfd2d7" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfOtherFinancialAssetsAndLiabilities_d4f099fb-64bc-4759-a16d-94ee4e02e1e1" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_3ed38f3c-8562-428c-a33a-9bea4cab7515" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_bbva_GainsLossesFromNonCurrentAssetsAndDisposalGroupsClassifiedAsHeldForSaleNotQualifyingAsDiscontinuedOperations_3ed38f3c-8562-428c-a33a-9bea4cab7515" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities_944aa16f-f233-4c5d-a30c-539d5dd59f86" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLossFromOperatingActivities"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_ifrs-full_ProfitLossFromOperatingActivities_944aa16f-f233-4c5d-a30c-539d5dd59f86" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_d9e9a991-540e-4472-887b-6a85fa0165ea" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NegativeGoodwillRecognizedInProfitOrLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_bbva_NegativeGoodwillRecognizedInProfitOrLoss_d9e9a991-540e-4472-887b-6a85fa0165ea" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_c25d54d7-9f20-436a-aa7a-9fa246d72990" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets"/>
    <link:calculationArc order="4" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOnNonFinancialAssets_c25d54d7-9f20-436a-aa7a-9fa246d72990" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_b8bec548-3a09-4d75-866a-e4b36b03b96f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_bbva_ImpairmentOrReversalOfImpairmentOfInvestmentsInJointVenturesAndAssociates_b8bec548-3a09-4d75-866a-e4b36b03b96f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_62105b54-bd86-4590-a539-695a31aaa4f7" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ProfitLossBeforeTax_248fea3f-27a6-4373-9745-53bf0ed9ebb4" xlink:to="loc_bbva_GainsLossesOnDerecognitionOfNonFinancialAssetsAndSubsidiariesNet_62105b54-bd86-4590-a539-695a31aaa4f7" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalderesultadosporfuncindelgastoStatement_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_a7604d75-cd39-428f-811b-5b199b949ce6" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations_efe85300-7272-4047-8fa3-79b0a47e6a87" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a7604d75-cd39-428f-811b-5b199b949ce6" xlink:to="loc_ifrs-full_ProfitLossFromContinuingOperations_efe85300-7272-4047-8fa3-79b0a47e6a87" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_377c697d-325c-4515-a7ae-cb9d381f5685" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_a7604d75-cd39-428f-811b-5b199b949ce6" xlink:to="loc_ifrs-full_ProfitLossFromDiscontinuedOperations_377c697d-325c-4515-a7ae-cb9d381f5685" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_df87ff2e-ff3c-46f4-9090-d53118f1a29f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_df87ff2e-ff3c-46f4-9090-d53118f1a29f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_fdc3645f-0640-4297-b066-ccb9906ba717" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillNotBeReclassifiedToProfitOrLossNetOfTax_fdc3645f-0640-4297-b066-ccb9906ba717" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_aed59fd7-e5b0-434a-a36b-17ebd83aabce" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax_aed59fd7-e5b0-434a-a36b-17ebd83aabce" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_2eae2626-7cf9-4ce1-9b1a-6ba272ee8ea8" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_2eae2626-7cf9-4ce1-9b1a-6ba272ee8ea8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_7e4842ca-bb21-47a4-953f-af8d3e79a910" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstruments_7e4842ca-bb21-47a4-953f-af8d3e79a910" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_ae819d30-b9ef-420d-b873-2beec8b60c60" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_ae819d30-b9ef-420d-b873-2beec8b60c60" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_3501357a-5c85-4ec0-a16e-de2db7f9f800" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_3551fe75-3a98-4626-9a63-fbe728fe4f07" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_3501357a-5c85-4ec0-a16e-de2db7f9f800" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_360ce5f7-9d93-497d-b96d-6c616c44d3f9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ffa6f487-9047-4a7f-a6f9-c4a88996ab98" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_360ce5f7-9d93-497d-b96d-6c616c44d3f9" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_ffa6f487-9047-4a7f-a6f9-c4a88996ab98" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_9a04ab7c-35cb-48c3-a773-85174c45f674" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_360ce5f7-9d93-497d-b96d-6c616c44d3f9" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_9a04ab7c-35cb-48c3-a773-85174c45f674" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9ab3fdfe-b16f-4082-9558-a8a2ba8a0585" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_7480ba85-244c-41dc-bbd0-3c884ea15f4c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9ab3fdfe-b16f-4082-9558-a8a2ba8a0585" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_7480ba85-244c-41dc-bbd0-3c884ea15f4c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_ce5844cc-055f-498b-aa62-a56558f4f4fe" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9ab3fdfe-b16f-4082-9558-a8a2ba8a0585" xlink:to="loc_bbva_OtherReclassificationsDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_ce5844cc-055f-498b-aa62-a56558f4f4fe" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_ada58699-3117-4305-8782-e82a7886553f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9ab3fdfe-b16f-4082-9558-a8a2ba8a0585" xlink:to="loc_ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax_ada58699-3117-4305-8782-e82a7886553f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_1521eb4d-239d-445c-af60-1c23528cf763" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_4e699b3c-abd9-4c58-ac62-8b7506330bbf" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_1521eb4d-239d-445c-af60-1c23528cf763" xlink:to="loc_ifrs-full_ProfitLoss_4e699b3c-abd9-4c58-ac62-8b7506330bbf" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncome_f7d17a64-c5ac-49b1-b8cc-e44a9b774396" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_1521eb4d-239d-445c-af60-1c23528cf763" xlink:to="loc_ifrs-full_OtherComprehensiveIncome_f7d17a64-c5ac-49b1-b8cc-e44a9b774396" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_584f148f-687c-459f-a2a1-37fe9ee20f1d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_9cf705f7-7b93-41b2-8668-407a7d32d58f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_584f148f-687c-459f-a2a1-37fe9ee20f1d" xlink:to="loc_ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_9cf705f7-7b93-41b2-8668-407a7d32d58f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_118e7577-18bb-4fe1-b699-61a2a0892e50" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_584f148f-687c-459f-a2a1-37fe9ee20f1d" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesBeforeTax_118e7577-18bb-4fe1-b699-61a2a0892e50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_d30d44a4-f6af-434e-ac4d-7879c6f0f40c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_584f148f-687c-459f-a2a1-37fe9ee20f1d" xlink:to="loc_ifrs-full_AmountsRemovedFromEquityAndIncludedInCarryingAmountOfNonfinancialAssetLiabilityWhoseAcquisitionOrIncurrenceWasHedgedHighlyProbableForecastTransactionBeforeTax_d30d44a4-f6af-434e-ac4d-7879c6f0f40c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_35b49004-dac4-484f-91ab-cdc65418f468" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_584f148f-687c-459f-a2a1-37fe9ee20f1d" xlink:to="loc_bbva_OtherReclassificationsCashFlowHedgesEffectivePortion_35b49004-dac4-484f-91ab-cdc65418f468" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_f0a8e0fa-6277-43ee-8eb1-5504559260fa" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_63991369-12de-440d-98f5-19e3114a45f2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_f0a8e0fa-6277-43ee-8eb1-5504559260fa" xlink:to="loc_bbva_ValuationGainsLossesTakenToEquityNonCurrentAssetsHeldForSale_63991369-12de-440d-98f5-19e3114a45f2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_443e258b-dae8-46dc-912e-af57df268d0f" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_f0a8e0fa-6277-43ee-8eb1-5504559260fa" xlink:to="loc_bbva_NonCurrentAssetsHeldForSaleTransferredToProfitOrLoss_443e258b-dae8-46dc-912e-af57df268d0f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_fcf08022-1b38-4757-99f8-befa2a371341" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_f0a8e0fa-6277-43ee-8eb1-5504559260fa" xlink:to="loc_bbva_OtherReclassificationsOfNonCurrentAssetsHeldForSale_fcf08022-1b38-4757-99f8-befa2a371341" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_4645c737-2381-4238-b558-f2a4d2ad7214" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_8d643373-5e36-4a71-80ac-61baab3affc3" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_4645c737-2381-4238-b558-f2a4d2ad7214" xlink:to="loc_ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_8d643373-5e36-4a71-80ac-61baab3affc3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_a4cdb34f-44fa-414e-9392-d79087f73444" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_4645c737-2381-4238-b558-f2a4d2ad7214" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_a4cdb34f-44fa-414e-9392-d79087f73444" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_f20d0aaf-4e03-4c29-a11d-a7dcf3ef5a3c" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_4645c737-2381-4238-b558-f2a4d2ad7214" xlink:to="loc_bbva_OtherReclassificationsHedgeOfNetInvestmentsInForeignOperations_f20d0aaf-4e03-4c29-a11d-a7dcf3ef5a3c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_bf0da68f-1c9c-4841-98c2-54c8fb708d52" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_38fe1693-8f9f-4d29-b0c9-4b47f883025c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_bf0da68f-1c9c-4841-98c2-54c8fb708d52" xlink:to="loc_ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationBeforeTax_38fe1693-8f9f-4d29-b0c9-4b47f883025c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_7ef2f6ae-3339-47a6-9f51-84a49fa6fdd8" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_bf0da68f-1c9c-4841-98c2-54c8fb708d52" xlink:to="loc_ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax_7ef2f6ae-3339-47a6-9f51-84a49fa6fdd8" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherReclassificationsForeignCurrencyTranslation_940a8196-3dcf-4277-800b-e84b8f1f4ece" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_OtherReclassificationsForeignCurrencyTranslation"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_bf0da68f-1c9c-4841-98c2-54c8fb708d52" xlink:to="loc_bbva_OtherReclassificationsForeignCurrencyTranslation_940a8196-3dcf-4277-800b-e84b8f1f4ece" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_c5460819-1fca-48c8-a099-388137d27f63" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss"/>
    <link:calculationArc order="1" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_c5460819-1fca-48c8-a099-388137d27f63" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_12f34ccd-11d4-4d15-bbbc-ee3cc3119605" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_bbva_NonCurrentAssetsAndDisposalGroupsHeldForSaleThatWillBeReclassifiedToProfitOrLossNetOfTax_12f34ccd-11d4-4d15-bbbc-ee3cc3119605" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_92f4a840-f185-4cd5-bb16-f20a343eaa39" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations_92f4a840-f185-4cd5-bb16-f20a343eaa39" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_ecdabff7-9cf4-4956-aa88-a643c8926db4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_ecdabff7-9cf4-4956-aa88-a643c8926db4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_d4670b63-b346-4be4-a083-fb113819c85e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges_d4670b63-b346-4be4-a083-fb113819c85e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9e52c75a-d62a-4573-bf23-2eb9ef320441" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_bbva_ORIDebtSecuritiesAtFairValueThroughOtherComprehensiveIncome_9e52c75a-d62a-4573-bf23-2eb9ef320441" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_b54c111c-aac6-40fa-876e-29aaebd0ff84" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation"/>
    <link:calculationArc order="7" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_59854016-129c-4e9f-bb2a-6fcf5b46d46b" xlink:to="loc_ifrs-full_OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation_b54c111c-aac6-40fa-876e-29aaebd0ff84" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodelresultadoglobalcomponentesORIpresentadosantesdeimpuestosStatement_1" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncome_21074376-6355-491d-baf0-20619026f4ef" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncome"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_df2b3f04-f1e7-406a-8b9e-c914bba791d4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_21074376-6355-491d-baf0-20619026f4ef" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_df2b3f04-f1e7-406a-8b9e-c914bba791d4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_577b5ec2-27b5-40c2-a306-85a063067479" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_ComprehensiveIncome_21074376-6355-491d-baf0-20619026f4ef" xlink:to="loc_ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_577b5ec2-27b5-40c2-a306-85a063067479" xlink:type="arc"/>
  </link:calculationLink>
  <link:roleRef roleURI="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="simple" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#EstadodeflujosdeefectivomtodoindirectoStatement"/>
  <link:calculationLink xlink:role="http://www.bbva.es/role/EstadodeflujosdeefectivomtodoindirectoStatement" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_PaymentsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_74620cea-be2f-4d98-b2f6-f05e4cff8778" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:to="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_74620cea-be2f-4d98-b2f6-f05e4cff8778" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_0808b6d1-7877-404e-b4e0-42291dbfe47e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:to="loc_ifrs-full_RepaymentsOfSubordinatedLiabilities_0808b6d1-7877-404e-b4e0-42291dbfe47e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_315e6be5-35c2-4069-9c7b-ac37b65e1893" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:to="loc_bbva_TreasuryStockAmortizationFromFinancingActivities_315e6be5-35c2-4069-9c7b-ac37b65e1893" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_105f866a-c61e-45ce-a787-9f31b9297d1a" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:to="loc_bbva_TreasuryStockAcquisitionsFromFinancingActivities_105f866a-c61e-45ce-a787-9f31b9297d1a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherPaymentsRelatingToFinancingActivities_11e3b748-6874-4aae-8eaa-240e62eddaf2" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_36b814a3-7f5d-46d3-bdc8-5e93f98c8605" xlink:to="loc_bbva_OtherPaymentsRelatingToFinancingActivities_11e3b748-6874-4aae-8eaa-240e62eddaf2" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss_c01678de-a6ab-40aa-aae8-01d4009dafcd" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:to="loc_ifrs-full_ProfitLoss_c01678de-a6ab-40aa-aae8-01d4009dafcd" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_68ac2f44-b293-4d4c-9dcb-12721c2d5e49" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities"/>
    <link:calculationArc order="2" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:to="loc_ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_68ac2f44-b293-4d4c-9dcb-12721c2d5e49" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_ed4650e5-b772-47b2-9ae3-be71407f2469" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:to="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_ed4650e5-b772-47b2-9ae3-be71407f2469" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_1790803c-286c-4426-bb36-d7cbd26baa88" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_1790803c-286c-4426-bb36-d7cbd26baa88" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_aaacb494-83ba-49f5-aa8a-ef626d9d115b" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:calculationArc order="5" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_498e271e-29a9-4e9e-92d1-ddd07324b1e4" xlink:to="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_aaacb494-83ba-49f5-aa8a-ef626d9d115b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_058c6038-95dd-4868-a671-6c4633e9af52" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_CollectionsFromFinancingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_90a93105-9d5d-4d4e-adff-85675ae51ef7" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_058c6038-95dd-4868-a671-6c4633e9af52" xlink:to="loc_ifrs-full_ProceedsFromIssueOfSubordinatedLiabilities_90a93105-9d5d-4d4e-adff-85675ae51ef7" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_408ce9ba-f23a-42e3-9a8d-3baedeed217f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_058c6038-95dd-4868-a671-6c4633e9af52" xlink:to="loc_ifrs-full_ProceedsFromIssuingShares_408ce9ba-f23a-42e3-9a8d-3baedeed217f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsTreasurySharesDisposal_11928105-87f8-49b9-8194-a06ba4033884" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_058c6038-95dd-4868-a671-6c4633e9af52" xlink:to="loc_bbva_CollectionsTreasurySharesDisposal_11928105-87f8-49b9-8194-a06ba4033884" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherItemsRelatingToFinancingActivities_d6e5b31f-69aa-4be1-8183-09a50844a366" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_058c6038-95dd-4868-a671-6c4633e9af52" xlink:to="loc_bbva_OtherItemsRelatingToFinancingActivities_d6e5b31f-69aa-4be1-8183-09a50844a366" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_129f9c60-9672-4b34-b64b-3768892cf9be" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_129f9c60-9672-4b34-b64b-3768892cf9be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_736a7075-3ac8-49d6-91b2-f4b3ab4b9682" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_ifrs-full_ProceedsFromSalesOfIntangibleAssetsClassifiedAsInvestingActivities_736a7075-3ac8-49d6-91b2-f4b3ab4b9682" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_eca85d0e-5e90-494b-b287-59056c1d713a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_ifrs-full_OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities_eca85d0e-5e90-494b-b287-59056c1d713a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_bd2869d7-fcd5-48b3-920c-e3eaf0a69170" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_bd2869d7-fcd5-48b3-920c-e3eaf0a69170" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_OtherCollectionsRelatedToInvestingActivities_61bfae5b-fd67-4247-aa48-70735c74f434" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_bbva_OtherCollectionsRelatedToInvestingActivities_61bfae5b-fd67-4247-aa48-70735c74f434" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_91f4e4e8-5449-4738-87dd-e9ba4717165a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_01b8e5ce-584a-46f1-883e-1a2f600cc304" xlink:to="loc_ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_91f4e4e8-5449-4738-87dd-e9ba4717165a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLoss_4a9aadae-06fa-4ad3-ac3a-787bd99d9f6d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForReconcileProfitLoss"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_b9f20e2b-e606-4c7f-acbf-61b7d14ac525" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_4a9aadae-06fa-4ad3-ac3a-787bd99d9f6d" xlink:to="loc_ifrs-full_AdjustmentsForDepreciationAndAmortisationExpense_b9f20e2b-e606-4c7f-acbf-61b7d14ac525" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_1d01d552-2b88-4317-bbb7-5b9d8427407b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_4a9aadae-06fa-4ad3-ac3a-787bd99d9f6d" xlink:to="loc_ifrs-full_OtherAdjustmentsToReconcileProfitLoss_1d01d552-2b88-4317-bbb7-5b9d8427407b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_20bd9eb1-efd8-4907-88d1-5d1b579f7b13" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_f4b2f768-c5c3-4023-a2e7-52188eccc47f" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_20bd9eb1-efd8-4907-88d1-5d1b579f7b13" xlink:to="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_f4b2f768-c5c3-4023-a2e7-52188eccc47f" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InflowsOfCashFromInvestingActivities_996c32f5-e734-4409-9b3b-0cd05a33cfc0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_20bd9eb1-efd8-4907-88d1-5d1b579f7b13" xlink:to="loc_ifrs-full_InflowsOfCashFromInvestingActivities_996c32f5-e734-4409-9b3b-0cd05a33cfc0" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OutflowsOfCashFromInvestingActivities_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_OutflowsOfCashFromInvestingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_6ad28049-c256-470b-89bd-4f2da9704366" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_6ad28049-c256-470b-89bd-4f2da9704366" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_36f5b952-5de1-4b4a-97f6-4a45bdb2cd3e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_36f5b952-5de1-4b4a-97f6-4a45bdb2cd3e" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_5416fa11-fb1b-408d-8ecd-ff355d3db2e4" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_5416fa11-fb1b-408d-8ecd-ff355d3db2e4" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1b454d9a-7e23-44a5-a066-a5c35568745d" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_1b454d9a-7e23-44a5-a066-a5c35568745d" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_5c72da4e-ea3f-4372-bee3-95e8f6a61333" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_bbva_InvestmentNonCurrentAssetsClassifiedAsHeldForSaleAndAssociatedLiabilites_5c72da4e-ea3f-4372-bee3-95e8f6a61333" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_0b1f57d4-c365-4fab-8735-8b6568826dfa" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_406a8a79-dc8b-4eaf-9cc5-183945a61952" xlink:to="loc_bbva_InvestmentOtherSettlementsRelatedToInvestingActivities_0b1f57d4-c365-4fab-8735-8b6568826dfa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_6a08cb81-84e7-4ec8-aff3-c91233f70e08" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0ef7cb2d-808b-4014-8355-f68793fb9c4b" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_6a08cb81-84e7-4ec8-aff3-c91233f70e08" xlink:to="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities_0ef7cb2d-808b-4014-8355-f68793fb9c4b" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_c03daf2c-6a39-4725-9271-2f9d124617c9" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations"/>
    <link:calculationArc order="2" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_6a08cb81-84e7-4ec8-aff3-c91233f70e08" xlink:to="loc_ifrs-full_CashFlowsFromUsedInInvestingActivitiesContinuingOperations_c03daf2c-6a39-4725-9271-2f9d124617c9" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_75a7a478-826f-4bf5-99ed-2ddfc1c6d55c" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_6a08cb81-84e7-4ec8-aff3-c91233f70e08" xlink:to="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_75a7a478-826f-4bf5-99ed-2ddfc1c6d55c" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1b96dcde-49fb-44fa-90b3-5cd18d541566" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_IncreaseDecreaseInCashAndCashEquivalentsIncludingCompaniesHeldForSale_6a08cb81-84e7-4ec8-aff3-c91233f70e08" xlink:to="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_1b96dcde-49fb-44fa-90b3-5cd18d541566" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_22c8b2e4-edd1-4c4d-b34e-f36b5bbbe032" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_bbva_NetIncreaseDecreaseInOtherFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_22c8b2e4-edd1-4c4d-b34e-f36b5bbbe032" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_49c50085-6ae1-4dcf-aaba-56ff1d124599" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_bbva_NetIncreaseDecreaseInNonTradingFinancialAssetsMandatorilyAtFairValueThroughProfitOrLoss_49c50085-6ae1-4dcf-aaba-56ff1d124599" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_472f2dd1-f38f-402a-871b-a75217fbebfa" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading"/>
    <link:calculationArc order="3" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading_472f2dd1-f38f-402a-871b-a75217fbebfa" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_ee550890-b720-4e77-926d-164b3987e17a" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets"/>
    <link:calculationArc order="4" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_ee550890-b720-4e77-926d-164b3987e17a" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_b39ca768-13b4-4508-98c6-42446bab6569" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtAmortizedCost_b39ca768-13b4-4508-98c6-42446bab6569" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_10a56633-2cb0-493f-a2bd-c681c51de606" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome"/>
    <link:calculationArc order="6" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingAssetsFromOperatingActivities_663fdc57-e07a-4b7a-b571-8a115d5344cd" xlink:to="loc_bbva_NetIncreaseDecreaseInFinancialAssetsAtFairValueThroughOtherComprehensiveIncome_10a56633-2cb0-493f-a2bd-c681c51de606" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations_d4f9d983-eacb-49c0-b28f-60619a1e17a0" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesContinuingOperations"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_PaymentsFromFinancingActivities_9164bf36-b3be-48c5-b056-9f1fe8ea4b50" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_d4f9d983-eacb-49c0-b28f-60619a1e17a0" xlink:to="loc_bbva_PaymentsFromFinancingActivities_9164bf36-b3be-48c5-b056-9f1fe8ea4b50" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_CollectionsFromFinancingActivities_d32766fb-abd0-4fe1-bc63-9cead0517073" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_d4f9d983-eacb-49c0-b28f-60619a1e17a0" xlink:to="loc_bbva_CollectionsFromFinancingActivities_d32766fb-abd0-4fe1-bc63-9cead0517073" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_ff64dc3d-85a3-4dd7-a5d2-afe9676e48cc" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost_65d716b8-47a0-40ca-9318-1598d2c1a7b3" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.xsd#bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost"/>
    <link:calculationArc order="1" weight="1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_ff64dc3d-85a3-4dd7-a5d2-afe9676e48cc" xlink:to="loc_bbva_IncreaseDecreaseInFinancialLiabilitiesAtAmortizedCost_65d716b8-47a0-40ca-9318-1598d2c1a7b3" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_b9815fcd-09e6-44dc-8552-bbe5963648be" xlink:href="K8MS7FD7N5Z2WQ51AZ71-2023-12-31.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_ff64dc3d-85a3-4dd7-a5d2-afe9676e48cc" xlink:to="loc_bbva_IncreaseDecreaseInOtherFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_b9815fcd-09e6-44dc-8552-bbe5963648be" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_779437d1-e380-49b6-a9e5-3cc3c2190528" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading"/>
    <link:calculationArc order="3" weight="-1.0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_bbva_NetIncreaseDecreaseInOperatingLiabilitiesFromOperatingActivities_ff64dc3d-85a3-4dd7-a5d2-afe9676e48cc" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading_779437d1-e380-49b6-a9e5-3cc3c2190528" xlink:type="arc"/>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_d7948e7b-09f0-4083-9924-8d1a8be2566e" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.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_ff64dc3d-85a3-4dd7-a5d2-afe9676e48cc" xlink:to="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInOtherLiabilities_d7948e7b-09f0-4083-9924-8d1a8be2566e" xlink:type="arc"/>
  </link:calculationLink>
</link:linkbase>
