Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 2

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 2
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 increase of 9.2% compared to the end of December 2023, particularly driven by the evolution of corporate loans (+14.7% at Group level), and, to a lesser extent, by the positive performance of loans to individuals.

Customer funds increased by 10.8% compared to the end of the previous year, driven both by the growth in customer deposits and by the performance of investment funds and managed portfolios.

### Business areas
According to the accumulated results of the business areas at the end of 2024 and excluding the effect of currencies fluctuation in those areas where it has an impact, in each of them it is worth mentioning:

– Spain generated a net attributable profit of €3,784m, that is 39.1% above the result achieved in 2023. This result is driven by the favorable evolution of the recurring revenues from the banking business, particularly net interest income. These solid results include the negative impact of €285m, due to the recording of the annual amount of the temporary tax on credit institutions and financial credit institutions.

– BBVA Mexico achieved a cumulative net attributable profit of €5,447m, representing a growth of 5.8% compared to the end of the previous year, mainly due to the evolution of the recurring income from the banking business.

– Turkey generated a net attributable profit of €611m, which compares favorably with the result in the same period of the previous year.

– South America generated a net attributable profit of €635m, which represents a year-on-year variation of 17.1%, driven by the good performance of recurring income and the good performance of net trading income in the area (hereinafter NTI).

– Rest of Business achieved an accumulated net attributable profit of €500m, 23.5% higher than in the same period of the previous year, favored by the performance of the recurrent revenues and the NTI.

The Corporate Center recorded a net attributable loss of €-924m, which is an improvement compared with the €-1,544m recorded in the previous year, mainly due to the favorable evolution of the NTI.

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

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Lastly, and for a broader understanding of the Group's activity and results, supplementary information is provided below for the wholesale business, Corporate & Investment Banking (CIB), carried out by BBVA in the countries where it operates. CIB generated a net attributable