Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 16
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” and “Financial assets at fair value through other comprehensive income”) as of June 30, 2025 amounted to €4,560 million, a 1.3% increase from the €4,503 million recorded as of December 31, 2024, mainly due to the increase in local currency-denominated debt securities, whose valuation increased supported by the decrease in interest reference rates during the six months ended June 30, 2025, offset, to a great extent, by the depreciation of the Turkish lira against the euro.

Financial assets at amortized cost of this operating segment as of June 30, 2025 amounted to €64,147 million, a 1.1% decrease compared with the €64,893 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 €48,046 million, a 0.5% decrease compared with the €48,299 million recorded as of December 31, 2024, mainly due to the depreciation of the Turkish lira against the euro, partially offset by the increase in Turkish lira-denominated consumer and credit card loans, due, in part, to the measures adopted by the Turkish authorities (e.g., the lessening of loan reserve requirements) to encourage Turkish lira-denominated loans (see “Other Matters—Regulatory Update for Turkey” ). In addition, within this heading, debt securities of this operating segment as of June 30, 2025 amounted to €6,160 million, a 16.9% decrease compared with the €7,417 million recorded as of December 31, 2024, mainly as a result of the depreciation of the Turkish lira against the euro, partially offset by increases in the volume of local currency-denominated bonds as part of our liquidity management measures. Further, loans and advances to central banks increased in the six months ended June 30, 2025, as a result of increases in the volume of Turkish lira deposits and the continued existence of reserve ratio requirements in Turkish lira deposits established by the Central Bank of the Republic of Turkey (“CBRT”), which were set at 8.0% as of February 2024 and reduced in September 2024 (5.0%), November 2024 (4.0%) and June 2025 (2.5%). See “ Other Matters—Regulatory Update for Turkey ”.

Financial liabilities