Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 29

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 29
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 €19,246 million, a 2.0% increase compared with the €18,861 million recorded for the nine months ended September 30, 2024, mainly as a result of the higher volume of Turkish lira-denominated loans supported by the lessening of the loan reserve requirements in Turkey, increases in the volume of the mortgage and consumer loan portfolios in Mexico and, to a lesser extent, the higher contribution from the securities portfolio in Spain , partially offset by the lower yield and volume in the public sector loan portfolio in South America , the lower yield in the securities portfolio in Argentina and the depreciation against the euro, in average terms, of the currencies of the main countries where the Group operates, except for the Peruvian sol.

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Fee and commission income

Fee and commission income increased by 8.2% to €10,022 million for the nine months ended September 30, 2025 from the €9,262 million recorded for the nine months ended September 30, 2024, primarily due to the increas e in payment systems fees (fees related to credit and debit cards, monetary transactions, including traditional transfers and mobile payments, and points of sale (POS)) supported by the increase in the maximum credit card fees banks may charge in Turkey pursuant to the regulation established by t he CBRT, the increase in the volume of asset management activities in Mexico, Europe and Spain, and increased investment banking activity in the New York branch and Europe, partially offset by the depreciation against the euro, in average terms, of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Fee and commission expense

Fee and commission expense increased by 12.6% to €3,951 million for the nine months ended September 30, 2025 from the €3,508 million recorded for the nine months ended September 30, 2024, primarily due to the increase in fees paid by the Group to third parties in connection with the increase in payment systems fees in Turkey and, to a lesser extent, higher fees from payment systems in Mexico and those resulting from an increase in asset management activities in Spain, partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Net gains (losses) on financial assets and liabilities

Net gains on financial assets and liabilities decreased by 9.0% to €2,199 million for the nine months ended September