Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 44

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 44
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30, 2025 compared with a €398 million gain for the six months ended June 30, 2024 mainly driven by negative exchange differences in Turkey and the Corporate Center.

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Other operating income and other operating expense

Other operating income for the six months ended June 30, 2025 increased by 13.1% to €351 million from €310 million recorded for the six months ended June 30, 2024, mainly due to higher gains from sales of non-financial services in Turkey, partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Other operating expense for the six months ended June 30, 2025 amounted to €1,228 million, a 49.1% decrease compared with the €2,415 million 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, the lower loss on the net monetary position resulting from the adjustment for hyperinflation in Turkey (€496 million and €894 million in the six months ended June 30, 2025 and 2024, respectively) and, to a lesser extent, the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol. In addition, the period-on-period decrease was driven in part by the fact that the other operating expense for the six months ended June 30, 2024 included the impact of the temporary tax on credit institutions and financial credit establishments in Spain amounting to €285 million (which was paid in 2024), whereas the half year expense related to the Interest Margin and Commission Tax was recorded under “Tax expense or income related to profit or loss from continuing operations” for the six months ended June 30, 2025. The period-on-period decrease was partially offset by the lower positive impact of the revaluation of bonds linked to inflation in the period (€419 million and €704 million, respectively, in the six months ended June 30, 2025 and 2024, respectively) in Turkey.

Income and expense on insurance and reinsurance contracts

Income