Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 65

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 65
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 30, 2025, compared with 9.21% for the six months ended June 30, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the six months ended June 30, 2025 amounted to €417 million income, a 1.9% increase compared with the €410 million income recorded for the six months ended June 30, 2024, mainly due to increases in payment systems fees (in particular, related to credit cards), as a result of increases in the volume of transactions and commission rates in Argentina, partially offset by the depreciation of the Argentine peso against the euro. At constant exchange rates, there was a 12.4% increase in net fees and commissions.

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Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net gains on financial assets and liabilities and exchange differences of this operating segment for the six months ended June 30, 2025 were €319 million, an 18.6% decrease compared with the €391 million gain recorded for the six months ended June 30, 2024, mainly due to negative exchange differences in Colombia, lower gains from the non-trading portfolio in Argentina and the depreciation of the Argentine peso against the euro, partially offset by the higher results in the trading portfolio in Colombia. At constant exchange rates, there was a 7.8% decrease in net gains on financial assets and liabilities and exchange differences.

#### Other operating income and expense, net
Other operating income and expense, net of this operating segment for the six months ended June 30, 2025 was a €462 million expense, a 64.4% decrease compared with the €1,298 million expense recorded for the six months ended June 30, 2024, mainly driven by the lower loss on the net monetary position resulting from the adjustment for hyperinflation in Argentina, which resulted in a monetary loss of €211 million in the six months ended June 30, 2025, compared to the €1,020 million monetary loss recorded for the six months ended June 30, 2024. At constant exchange rates, there was a 62.8% decrease in other operating income and expense, net.

Income and expense on insurance and reinsurance contracts

Net income on insurance and reinsurance contracts of this operating segment for the six months ended June 30, 2025 was €58 million, a 6.