Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 14

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 14
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, 2024, mainly due to the depreciation of the Mexican peso against the euro.

Financial assets at amortized cost of this operating segment as of June 30, 2025 amounted to €95,453 million, a 0.9% increase compared with the €94,595 million recorded as of December 31, 2024. Within this heading, loans and advances to customers of this operating segment as of June 30, 2025 amounted to €88,758 million, compared with the €88,725 million recorded as of December 31, 2024, mainly due to increases in the volume of mortgage and consumer loans within the retail loan portfolio, partially offset by the depreciation of the Mexican peso against the euro.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of June 30, 2025 amounted to €28,262 million, an 8.5% decrease compared with the €30,885 million recorded as of December 31, 2024, mainly as a result of the decrease in deposits from the Mexican Central Bank (through repurchase agreements) recorded under “Financial liabilities held for trading” and, to a lesser extent, the depreciation of the Mexican peso against the euro.

Customer deposits at amortized cost of this operating segment as of June 30, 2025 amounted to €85,537 million, a 0.7% increase compared with the €84,949 million recorded as of December 31, 2024, primarily due to increases in demand deposits from public institutions (which bear a lower cost for BBVA than time deposits), partially offset by the depreciation of the Mexican peso against the euro.

Off-balance sheet funds of this operating segment (which includes “Mutual funds” (including customers’ portfolios) and “Other placements”) as of June 30, 2025 amounted to €61,736 million, a 7.8% increase compared with the €57,253 million as of December 31, 2024, mainly as a result of the continuing search by customers for higher-return investments, which continued to boost mutual funds, partially offset by the depreciation of the Mexican peso against the euro.

This operating segment’s non-performing loan ratio (as defined herein) was 2.7% as of June 30, 2025 and December 31, 2024. This operating segment’s non-performing loan coverage ratio (as defined herein) increased to 125% as of