Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 41

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 41
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 30, 2025, the Mexican peso depreciated by 11.5% against the euro in average terms compared with the nine months ended September 30, 2024 , adversely affecting the results of operations of the Mexico operating segment for the nine months ended September 30, 2025 expressed in euros. See “ ―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”.

#### Net interest income
Net interest income of this operating segment for the nine months ended September 30, 2025 amounted to €8,393 million, a 4.2% decrease compared with the €8,762 million recorded for the nine months ended September 30, 2024, mainly as a result of the depreciation of the Mexican peso against the euro, partially offse t by increases in the volume of the mortgage and consumer loan portfolios and lower who lesale funding costs. At constant exchange rates, there was an 8.3 % increase in net interest income. The net interest margin over average total assets of this operating segment amounted to 6.72% for the nine months ended September 30, 2025, compared with 6.74% for the nine months ended September 30, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the nine months ended September 30, 2025 amounted to €1,730 million, a 6.3% decrease compared with the €1,846 million recorded for the nine months ended September 30, 2024, mainly due to the depreciation of the Mexican peso against the euro, partially offset by the fees resulting from an increase in asset management activity. At constant exchange rates, there was a 6.0 % increase in net fees and commissions.

Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net gains on financial assets and liabilities and Exchange differences, net, of this operating segment for the nine months ended September 30, 2025 were €570 million, a 5.9% decrease compared with the €606 million gain recorded for the nine months ended September 30, 2024, mainly as a result of the depreciation of the Mexican peso against the euro and the lower gains of the Global Markets unit, partially offset by the higher trading gains from the ALCO portfolio, resulting from the repurchase of bonds. At constant exchange rates, there was a 6.3 % increase in net