Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 51

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 51
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 net
Other operating income and expense, net of this operating segment for the nine months ended September 30, 2025 was a €708 million expense, a 54.6% decrease compared with the €1,561 million expense recorded for the nine months ended September 30, 2024, mainly driven by the lower loss on the net monetary position resulting from the adjustment for hyperinflation in Argentina, which resulted in a monetary loss of €277 million in the nine months ended September 30, 2025, compared to the €1,178 million monetary loss recorded for the nine months ended September 30, 2024. At constant exchange rates, there was a 52.5% decrease in net other operating expense.

Income and expense on insurance and reinsurance contracts

Net income on insurance and reinsurance contracts of this operating segment for the nine months ended September 30, 2025 was €83 million, a 7.3% decrease compared with the €89 million net income recorded for the nine months ended September 30, 2024, mainly as a result of the depreciation of the Argentine peso against the euro. At constant exchange rates, there was a 3.6% increase in net income on insurance and reinsurance contracts.

#### Administration costs
Administration costs of this operating segment for the nine months ended September 30, 2025 amounted to €1,602 million, a 2.9% decrease compared with the €1,650 million recorded for the nine months ended September 30, 2024, mainly as a result of the depreciation of the Argentine peso against the euro, partially offset by increases in personnel expenses, mainly driven by salary updates (aimed at compensating the loss of purchasing power due to inflation) and certain general expenses in Argentina. At constant exchange rates, there was a 9.8% increase in administration costs.

#### Depreciation and amortization
Depreciation and amortization for the nine months ended September 30, 2025 was a €154 million expense, a 3.0% decrease compared with the €159 million expense recorded for the nine months ended September 30, 2024. At constant exchange rates, there was a 0.5% increase in depreciation and amortization.

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net