Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 11
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 Business Banking
: which manages small and medium sized enterprises (“

#### SMEs
”), companies and corporations, and public institutions;

•

#### Corporate and Investment Banking
: responsible for business with large corporations and multinational groups and the trading floor and distribution business in Spain; and

• Other units: which includes the insurance business unit in Spain (BBVA Seguros) as well as the Group’s shareholding in Compañía de Seguros y Reaseguros, S.A., the Asset Management unit (which manages Spanish mutual funds and pension funds), lending to real estate developers and foreclosed real estate assets in Spain, as well as certain proprietary portfolios and certain funding and structural interest-rate positions of the euro balance sheet which are not included in the Corporate Center.

Cash, cash balances at central banks and other demand deposits amounted to €13,230 million as of March 31, 2025, a 3.9% increase compared with the €12,734 million recorded as of December 31, 2024, mainly due to increases in cash held with other financial institutions, through other demand deposits, with a view to increasing liquidity for making disbursements, partially offset by a decrease in cash held at the European Central Bank.

Financial assets at fair value of this operating segment (which includes the following portfolios: “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss”, “Financial assets designated at fair value through profit or loss” and “Financial assets at fair value through other comprehensive income”) amounted to €105,386 million as of March 31, 2025, a 3.8% decrease from the €109,569 million recorded as of December 31, 2024, mainly as a result of the decrease in derivatives recorded under “Financial assets held for trading”, in the context of a relatively stable interest rate environment.

Financial assets at amortized cost of this operating segment as of March 31, 2025 amounted to €246,576 million, a 3.9% increase compared with the €237,279 million recorded as of December 31, 2024. Within this heading, loans and advances to customers amounted to €184,624 million as of March 31, 2025, a 2.8% increase compared with the €179,667 million recorded as of December 31, 2024, mainly due to the increases in corporate and business banking, corporate and investment banking and loans to non-financial