Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0001193125-25-016657
Chunk: 15

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 15
---
 YoY in Dec’24.

2024 Earnings 28 South America NET ATTRIBUTABLE PROFIT (CURRENT €M) ACTIVITY (DEC-24) €Bn (CONSTANT €) YoY +26.6% €Bn YoY Δ Current (%) Δ Current (%) +16.8% 4Q24 vs. 4Q23 vs. 3Q24 12M24 vs. 12M23 Colombia Colombia -1 -102.7 -103.2 90 -41.0 +4.9% Colombia Peru 54 14.9 -14.0 227 14.4 -0.1% Argentina 44 -820.5 24.8 182 41.3 Other ¹ 67 952.6 122.5 136 -22.3 Peru +17.6% South America 164 44.2 5.8 635 5.6 Peru +6.1% (1) Other includes BBVA Forum (Chile), Venezuela and Uruguay. Argentina Argentina +273.5% +163.2% Other Other KEY RATIOS +14.1% +11.2% 1 CUSTOMER SPREAD (%) COST OF RISK (YTD, %) 1 Lending Cust.Funds (1) Performing loans and Cust.Funds under management, excluding repos. ▰ Colombia: NAP at 90 Mn.€ in FY 2024. QoQ evolution driven by lower NTI and some extraordinary expenses. Core revenues remain ﬂat and risk metrics stabilize in 4Q. ▰ Peru: NAP at 227 Mn€ in FY24. Quarterly evolution supported by core revenues increase (+2.3% QoQ constant €) levered on sound activity growth. Risk metrics continue to improve. ▰ Argentina: NAP at 182 Mn€ in FY24 driven by higher core revenues on the back of the recovery in the demand for credit. Impairments increased mainly driven by activity growth and higher needs in the retail portfolio. Note: Inﬂation rate ARG: 8.0% 4Q24 vs 12.2% in 3Q24 and 117.7% in 12M24 (vs 211.1% 12M23) 4Q23 3Q24 4Q24 4Q23 3Q24 4Q24

2024 Earnings 29 &