Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 13

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 13
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 divided by the sum of loans and advances to customers, guarantees to customers and other commitments) decreased to 3.5% as of June 30, 2025 from 3.7% as of December 31, 2024. This ratio was positively affected by increases in corporate loans, loans to the public sector and consumer loans, increasing the overall loans and advances to customers in the ratio’s denominator. This operating segment’s non-performing loan coverage ratio (defined as allowance for credit losses divided by non-performing loans and calculated as loss allowances on loans and advances divided by the sum of impaired loans and advances to customers, impaired guarantees to customers and other impaired commitments) was 61% as of June 30, 2025 and 59% as of December 31, 2024 as a result, in part, of a decrease in non-performing loans in the mortgage portfolio, whose coverage ratio exceeds the average of the loan portfolio overall.

#### Mexico
The Mexico operating segment includes the banking, insurance and asset management business conducted in Mexico by BBVA Mexico. It also includes BBVA Mexico’s agency in Houston.

The Mexican peso depreciated 2.4% against the euro as of June 30, 2025 compared with December 31, 2024, negatively affecting the business activity of the Mexico 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 amounted to €10,672 million as of June 30, 2025, a 15.1% decrease compared with the €12,564 million recorded as of December 31, 2024, mainly driven by the reduction of repurchase agreements and the depreciation of the Mexican peso against the euro, partially offset by the increase in customer deposits and higher volumes of long-term debt.

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”) as of June 30, 2025 amounted to €53,117 million, a 2.6% decrease from the €54,547 million recorded as of December 31