Company: BBVXF
Filing Date: 2025-09-05
Form Type: F-4/A
Source: 0001193125-25-196513
Chunk: 120

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-05
Form: F-4/A
Chunk 120
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         |    (28 | ) |     |                     |  (29.3 | ) |
| Other impairments                           |     |                      |    (41 | ) |     |         |    (29 | ) |     |                     |   40.5 |   |
| Gains on sale of assets and other results   |     |                      |    (12 | ) |     |         |     (2 | ) |     |                     |      — |   |
| Profit before tax                           |     |                      |  1,431 |   |     |         |  1,154 |   |     |                     |   24.0 |   |
| Income tax                                  |     |                      |   (454 | ) |     |         |   (362 | ) |     |                     |   25.4 |   |
| Minority interest                           |     |                      |      1 |   |     |         |      1 |   |     |                     |   49.4 |   |
| Attributable net profit                     |     |                      |    975 |   |     |         |    791 |   |     |                     |   23.3 |   |

Net Interest Income Net interest income amounted to €2,425 million as at the end of June 2025, representing a year-on-year reduction of 2.7%, mainly driven by the performance in Spain, which saw lower credit yields and a reduced contribution by credit institutions impacted by lower interest rates, which reduced the growth recorded by TSB underpinned by the structural hedge. 84

Customer Margin and Net Interest Margin

The customer margin stood at 2.98% as at the end of June 2025, falling by 20 basis points compared to the end of the previous June and by 7
basis points during the quarter, mainly due to lower credit yields, in turn affected by lower interest rates, which offset the reduced cost of deposits. Excluding TSB, the customer margin stood at 3.00%, representing a reduction of 41 basis points
compared to the end of the previous June and of 10 basis points during the quarter.

The net interest margin as a percentage of
average total assets fell by 13 basis points year-on-year and by 5 basis points during the quarter, while ex-TSB it fell by 21 basis points year-on-year and by 4bps in the quarter.

Profit or Loss on Financial