Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 36

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 36
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 8.3%, driven by higher retail lending volumes and lower cost of funds, in an environment of falling reference rates, further boosted by wholesale issuances carried out by BBVA Mexico. – Net fees and commissions grew by 6.0%, mainly as a result of the higher revenues from asset management, mostly investment and pension funds, related to growth in activity. – The contribution from NTI increased by 6.3% mainly due to the good performance of the ALCO portfolio. – The other operating income and expenses line item recorded an increase of 14.0%, supported by the strong performance of the insurance business, which more than offset the increase in contributions to the deposit guarantee fund. – Operating expenses grew by 10.0%, due to both higher general and personnel expenses, where the increase in technology investment expenses stood out. – Loan-loss provisions increased by 9.4 %, as a result of the growth in activity, with higher requirements for the retail portfolio. Thus, the cumulative cost of risk at the end of September 2025 increased to 3.27%, which is an increase of 3 basis points compared to that recorded at the end of June, although it remains 12 basis points below the end of 2024. In the quarter, and excluding the effect of exchange rate fluctuation, BBVA Mexico generated net attributable profit of € 1,296 m, which represents a +2.4 % variation with respect to the previous quarter supported by the favorable performance of n et interest income (benefited from lower financing costs) and fees, as well as a lower loan-loss provisions.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - September 2025Report - p.42 |

Turkey Highlights for the period January - September 2025 – Customer funds grew faster than lending activity during the first nine months – Increased in net interest income driven by growth in activity and in Turkish lira spread – Strong growth in net fees and commissions and lower year-on-year impact from hyperinflation – Favorable year-on-year evolution of net attributable profit

| BUSINESS ACTIVITY ⁽¹⁾ (VARIATION AT CONSTANTEXCHANGE RATE COMPARED TO 31-12-24) |

⁽¹⁾ Excluding repos.

| NET INTEREST INCOME / AVERAGE TOTALASSETS (PERCENTAGE AT CONSTANT EXCHANGERATE) |

| OPERATING INCOME (MILLIONS OF EUROS