Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 12
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 enterprises. In addition, within this heading, debt securities of this operating segment as of March 31, 2025 amounted to €47,894 million, an 11.9% increase compared with the €42,791 million recorded as of December 31, 2024, mainly as a result of an increase in Spanish sovereign debt securities recorded as “Financial assets at amortized cost”.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of March 31, 2025 amounted to €68,956 million, an 8.2% decrease compared with the €75,143 million recorded as of December 31, 2024, mainly due to the decrease in derivatives recorded under “Financial liabilities held for trading”, in the context of a relatively stable interest rate environment.

Customer deposits at amortized cost of this operating segment as of March 31, 2025 amounted to €228,546 million, a 1.0% increase compared with the €226,391 million recorded as of December 31, 2024. The increase mainly related to time deposits.

Off-balance sheet funds of this operating segment (which includes “Mutual funds” (including customers’ portfolios) and “Pension funds”) as of March 31, 2025 amounted to €110,547 million, a 1.7% increase compared with the €108,694 million recorded as of December 31, 2024, mainly due to the increase in mutual funds.

This operating segment’s non-performing loan ratio (defined as non-performing loans divided by total credit risk and calculated as the sum of impaired loans and advances to customers, impaired guarantees to customers and other impaired commitments divided by the sum of loans and advances to customers, guarantees to customers and other commitments) decreased to 3.5% as of March 31, 2025 from 3.7% as of December 31, 2024. This ratio was positively affected by higher write-offs and, to a lesser extent, increases in corporate and business banking, corporate and investment banking and loans to non-financial enterprises, and negatively affected by modestly higher net entries in non-performing loans. 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) increased to 61% as of