Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 43

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 43
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| Fee and commission expense         |     |                                   |     | 2,503 |      |     | 2,307 |    8.5 |

(1) Point Of Sale.

Fee and commission expense increased by 8.5% to €2,503 million for the six months ended June 30, 2025 from the €2,307 million recorded for the six months ended June 30, 2024, primarily due to the increase in fees paid by the Group to third parties in connection with the increase in payment systems fees in Turkey and, to a lesser extent, higher fees from payment systems in Mexico and the increase in the volume of asset management activities and credit card fees in Spain, partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Net gains (losses) on financial assets and liabilities

Net gains on financial assets and liabilities increased by 4.4% to €1,554 million for the six months ended June 30, 2025 from the net gain of €1,489 million recorded for the six months ended June 30, 2024, mainly due to: (i) higher trading gains in the Global Markets unit in Spain and in the ALCO portfolio in Mexico recorder under “Gains (losses) on financial assets and liabilities held for trading, net”; (ii) higher gains in the non-trading portfolio from the revaluation of certain venture capital investments from the Corporate Center recorded under “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net” and, to a lesser extent; (iii) the higher gains from the sale of certain securities in Turkey recorded under “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net - Financial assets at fair value through other comprehensive income”; partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol, and, to a lesser extent, lower gains from the Global Markets unit in Spain recorded under “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net” and lower gains in the trading portfolio from the Global Markets unit in Turkey recorded under “Gains (losses) on financial assets and liabilities held for trading, net”.

The table below provides a breakdown of net gains (