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

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 31
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 recognized amount is considered to be remote, this amount is removed from the consolidated balance sheet, without prejudice to any actions taken by the consolidated entities in order to collect the amount until their rights extinguish in full through expiry, forgiveness or for other reasons.

Our total net charge-offs to average loans at amortized cost ratio amounted to 0.89% for the six months ended June 30, 2025, compared with 0.87% for the year ended December 31, 2024, mainly as a result of increases in charge-offs in Mexico and Spain. The increase was partially offset by decreases in charge-offs in Colombia and Peru. The following factors, set out by region, were the main contributors to the increase in the ratio:

• Mexico: there was an increase in the ratio mainly due to an increase in charge-offs in the retail portfolio, mainly in consumer and credit cards loans, which increased at a higher rate than the loan portfolio.

• Spain: there was an increase in the ratio mainly due to an increase in charge-offs in the wholesale portfolio, and to a lesser extent, the consumer loan portfolio.

The increase in the total net charge-offs to average loans ratio was partially offset by:

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• South America: there was a decrease in the ratio due to an increase in the size of loans to enterprises and households, mainly in Argentina, and a decrease in charge-offs in the retail portfolios in Colombia and Peru.

Our allowance for credit losses to total loans and advances at amortized cost decreased to 2.47% as of June 30, 2025 compared with 2.56% as of December 31, 2024, mainly as a result of the increase in total loans outstanding, in particular, increases in corporate loans, loans to the public sector and consumer loans in Spain and increased activity in the branches located in New York and Europe within the Rest of Business segment, which activity was related mainly to Stage 1 loans to public institutions.

#### Impaired Loans
Loans are considered to be credit-impaired under IFRS 9 if one or more events have occurred and they have a detrimental impact on the estimated future cash flows of the loan.

Amounts collected in relation to impaired financial assets at amortized cost are first applied to the outstanding interest and any excess amount is used to reduce the unpaid principal. The approximate amount of interest on our impaired loans which was included in profit attributable to parent company for the six months ended June 30, 2025