Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 42

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 42
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 portfolio ( +7.0 %), the latter favored by the evolution of credit cards which grew by 14.1 %, and consumer loans ( +6.1 %), in line with Group BBVA's strategy which is focused in growing in the most profitable segments. – Customer funds under management grew by 4.8 % compared to the closing balances at the end of 2024, where the evolution of time deposits ( +7.7 %) and off-balance sheet funds ( +11.3 %) stand out.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.49 |

The most relevant aspects related to the area's activity during the second quarter of the year 2025 have been: – Lending activity grew by 4.8%, favored by the dynamism of commercial loans (+7.0%), credit consumption and credit cards (+4.2%, overall). – With regard to asset quality, the area's NPL ratio stood at 4.2%, which represents a decrease of 12 basis points compared to the previous quarter, favored by the reduction in the non-performing balance, with limited entries to NPLs offset by a good recovery performance, mainly in Peru and Colombia. For its part, the coverage ratio for the area was 89%, which represents a decrease of 76 basis points compared to the end of March because of lower coverage in Argentina. – Customer funds under management increased at a rate of 2.9%, with growth of 3.3% in customer deposits and stability in off-balance sheet funds (+0.6%). South America generated a net attributable profit of € 421 m at the end of the first half of 2025 , which represents a year-on-year variation of 128.8 %, derived from a less negative hyperinflation adjustment in Argentina and a better performance of fees and commissions, together with a more contained level of loan-loss provisions. The impact of the adjustment for hyperinflation is the recording in the income statement of the loss on the net monetary position of the Argentina subsidiaries under "Other operating income and expenses" and amounted to €211m in the period from January - June 2025 , much lower than the €1,020m recorded in the period from January - June 2024 . More detailed information on the most representative countries of the business area is provided below. Argentina Macro and industry trends The process