Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 49

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 49
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F), especially in the United States. – On the other hand, compared to the end of June, the NPL ratio decreased by 3 basis points to 0.2%, while the coverage ratio fell to 136%. – Customer funds under management recorded an increase of 34.3%, mainly due to the deposit balances, both demand and time deposits, by customers of branches in Europe, followed by customer deposits in the United States and Asia. Results Rest of Business achieved an accumulated net attributable profit of € 481 m during the first nine months of 2025 , 20.0 % higher than in the same period of the previous year, favored by the evolution of the recurring 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 September 2025 , the following was particularly noteworthy: – Net interest income grew by 15.7% as a result of increased activity volumes and appropriate price management. By geographical areas, growth in the New York branch stood out. – Net fees and commissions had an excellent performance and increased by 53.9%, thanks to issuance activity in the primary debt market and relevant operations in project finance and corporate loans. Commissions originating in Europe and the United States stood out. – The NTI grew by 8.8% with the favorable performance of the United States standing out thanks to commercial activity in foreign exchange, credit and interest rates. – Increase in operating expenses of 26.9% mainly explained by higher expenses in Europe and, to a lesser extent, in the United States due to new hires and investment in strategic projects. – The impairment on financial assets line at the end of September 2025 recorded a balance of €-47m, figure which is higher than in the same period of the previous year, mainly originated in higher provisions in the United States. Meanwhile, the cumulative cost of risk at the end of September fell by 4 basis points compared to June to 0.10%, due in part to lower provisions for individual customers. In the third quarter of 2025 and excluding the effect of the exchange rates fluctuations, the Group's Rest of Businesses as a whole generated a net attributable profit of € 178 m, 29.6% above that of the previous quarter. In the quarterly evolution, the good performance of recurring revenues and NTI were partially offset by the increase in the operating expenses associated with strategic plans.

Translation of this report originally issued