Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 46

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 46
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,404 million recorded for the nine months ended September 30, 2024, mainly as a result of the increas e in payment systems fees supported by the increase in the maximum credit card fees banks may charge in Turkey pursuant to the regulation established by t he CBRT in November 2024 and the increase in the volume of asset management activities, partially offset by the depreciation of the Turkish lira against the euro and the increase in fees paid to third parties driven by the increase in payment systems fee income. At constant exchange rates, there was a 41.6% 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 amounted to €340 million, a 59.4% decrease compared with the €836 million gain recorded for the nine months ended September 30, 2024, mainly driven by negative exchange differences and lower gains in the trading portfolio from the Global Markets unit and, to a lesser extent, the depreciation of the Turkish lira against the euro, partially offset by the sale of certain securities portfolios. At constant exchange rates, there was a 49.7% decrease in net gains on financial assets and liabilities and exchange differences.

#### Other operating income and expense, net
Other operating income and expense, net of this operating segment for the nine months ended September 30, 2025 was a €374 million net expense, a 1.8% increase compared with the €368 million net expense recorded for the nine months ended September 30, 2024. In the nine months ended September 30, 2025, other operating income and expense, net, was negatively affected by the lower positive impact of the revaluation of bonds linked to inflation in the period (€585 million and €916 million, respectively, in the nine months ended September 30, 2025 and 2024) and the depreciation of the Turkish lira against the euro, and positively affected by the lower loss on the net monetary position resulting from the adjustment for hyperinflation (€747 million and €1,179 million in the nine months ended September 30, 2025 and 2024, respectively). At constant exchange rates, there was a 34.6% decrease in net other operating expense.

Income and expense on insurance and reinsurance contracts

Net income on insurance and reinsurance contracts