Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 43

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 43
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 refer to Europe exclude Spain.

#### Activity
The most relevant aspects of the evolution of BBVA Group's Rest of Business activity during the first quarter of 2025 were:

– Lending activity (performing loans under management) grew at a rate of 1.0%, mainly due to the evolution of corporate loans (+0.8%). Geographically, the New York branch stood out, followed by Europe.

– On the other hand, compared to the end of December, the NPL ratio has continued at 0.3%, while the coverage ratio increased to 109% due to the decrease in the non-performing balance.

– Customer funds under management increased by 3.5% mainly originated in demand deposits at branches in Europe.

#### Results
Rest of Business achieved an accumulated net attributable profit of €173m accumulated during the first three months of 2025, 41.8% higher than in the same period of the previous year, favored by the evolution of the recurrent revenues and the NTI, which widely offset the increase in operating expenses.

In the year-on-year evolution of the main lines of the area's income statement at the end of March 2025, the following was particularly noteworthy:

– Net interest income showed an increase of 21.7% as a result of increased activity volumes and appropriate price management. By countries, growth in the New York branch stood out.

– Net fees and commissions increased by 55.3%, mainly due to singular financing transactions in Investment Banking & Finance (hereinafter IB&F) in Europe and transactional banking fees.

– The NTI grew by 13.7% supported by the strong performance of Global Markets in New York, especially in the equity and credit brokerage business.

– Increase in operating expenses of 24.8%, with growth mainly in the United States and in Europe due to new hires and investment in strategic projects.

– The impairment on financial assets line at the end of March 2025 recorded a balance of €-19m, mainly due to the growth of provisions in New York, partially offset by the decline in Europe.

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

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#### Corporate Center
| FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE)                          |     |      |     |       |     |          |
| Income statement                                                                 |     | 1Q25 |     |   ∆ % |     |