Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 20

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 20
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) of this operating segment decreased to 4.2% as of June 30, 2025 from 4.5% as of December 31, 2024, mainly as a result of the decrease in non-performing loans in the retail portfolios, with lower entries and a high volume of write-offs in Peru and Colombia. This operating segment’s non-performing loan coverage ratio (as defined herein) increased to 89% as of June 30, 2025, from 88% as of December 31, 2024.

### Rest of Business
This operating segment mainly includes the wholesale activity carried out by the Group in Europe (excluding Spain), the United States and (through BBVA branches located therein) Asia.

The U.S. dollar depreciated 11.4% against the euro as of June 30, 2025 compared to December 31, 2024, adversely affecting the business activity of the Rest of Business operating segment as of June 30, 2025 expressed in euros. See “ Operating and Financial Review and Prospects―Operating Results―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”.

Cash, cash balances at central banks and other demand deposits as of June 30, 2025 amounted to €5,872 million, a 29.7% decrease compared with the €8,348 million recorded as of December 31, 2024, mainly due to the decrease in cash balances held at central banks within this operating segment, in particular, at the Federal Reserve System (“Fed”), due in part to lower interest rates in the United States, supporting the shift towards liquid trading assets, which typically offer higher short-term yields, the increased volume of loans granted, and the depreciation of the U.S. dollar against the euro.

Financial assets at fair value for 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”) as of June 30, 2025 amounted to €1,720 million, a 5.7% increase compared with the €1,627 million recorded as of December 31, 2024, mainly due to the increase in loans and advances (through reverse repurchase agreements) recorded under “Financial assets held for trading” in BBVA Securities