Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 49

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 49
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 or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification of this operating segment for the three months ended March 31, 2025 was a €297 million expense, a 16.2% decrease compared with the €354 million expense recorded for the three months ended March 31, 2024, mainly as a result of lower credit impairment requirements in the household loan portfolio in Peru and, to a lesser extent, the depreciation of the Argentine peso against the euro, partially offset by higher credit impairments in the household loan portfolio in Argentina as a result in part of the greater credit activity (as we increased private lending as a result of lower government borrowings). At constant exchange rates, there was a 14.9% decrease.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the three months ended March 31, 2025 were a €6 million income, compared with the €45 million expense recorded for the three months ended March 31, 2024, attributable mainly to lower provisions for contingencies.

#### Operating profit / (loss) before tax
As a result of the foregoing, operating profit before tax of this operating segment for the three months ended March 31, 2025 was €512 million compared with the €201 million profit recorded for the three months ended March 31, 2024.

Tax expense or income related to profit or loss from continuing operations

Tax expense related to profit from continuing operations of this operating segment for the three months ended March 31, 2025 was €148 million, compared with the €6 million expense recorded for the three months ended March 31, 2024, mainly as a result of the higher operating profit before tax.

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#### Profit attributable to non-controlling interests
Profit attributable to non-controlling interests of this operating segment for the three months ended March 31, 2025 amounted to €146 million, a 94.2% increase compared with the €75 million recorded for the three months ended March 31, 2024, mainly due to the higher operating profit before tax.

#### Profit attributable to parent company
As a result of the foregoing, profit attributable to parent company of this operating segment for the three months ended March 31, 2025 amounted to €218 million, an 82.9% increase