Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 32

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 32
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 due to the reduction of the activity during the summer months. – Regarding asset quality, the NPL ratio stood at 3.1%, with a decrease of 37 basis points compared to the end of June, supported by portfolio sales made during the quarter, contributing to the improvement of the coverage ratio, which increased by 389 basis points in the quarter to 65% at the end of September 2025, due to the significant decline in non- performing loans during the quarter. – Total customer funds grew in total by 3.9% in the third quarter of 2025, of which 4.3% refers to customer deposits and 3.0% to off-balance sheet funds.

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

| January - September 2025Report - p.37 |

Results Spain generated a net attributable profit of € 3,139 m in the first nine months of 2025 , which is 10.5 % above the result achieved in the same period of 2024, driven by the evolution of the recurring revenue from the banking business. The most relevant aspects of the year-on-year changes in the area's income statement at the end of September 2025 were: – Net interest income grew 2.3%, favored mostly by a higher contribution from the securities portfolio and a lower cost of liabilities, factors that offset the reduction in credit yields resulting from lower interest rate environment. – Net fees and Commissions increased by 4.2% compared to the same period of the previous year, especially those generated by asset management, as well as, and to a lesser extent, those related to payments and insurance. – Net Trading Income (NTI) was 11.2% below the figure achieved for the same period of the previous year, reflecting the evolution of the Global Markets unit. – The year-on-year comparison of the aggregate other operating income and expenses is conditioned by the recording in 2024 of the annual amount of the temporary tax on credit institutions and financial credit institutions for a total of €285m. – Operating expenses decreased by 1.6% due to the reduction in operating expenses, as they include a positive effect from the recognition of a lower Value Added Tax (VAT) expense following the upward re-estimation of its applied pro-rata. As a result of the evolution of the area's income and expenses, the gross income grew by 5.8% and