Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 36

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 36
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-offs. Compared to the end of the year, this indicator remains stable. On the other hand, the NPL coverage ratio was 125 % at the end of June 2025, which represents a decrease compared to the end of March mainly explained by the aforementioned higher volume of inflows of non-performing loans. – Customer deposits under management were 2.1% above the March balances, originated in the evolution of investment funds (+4.7 in the second quarter).

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

| January - June 2025Report - p.41 |

Results BBVA Mexico achieved a cumulative net attributable profit of € 2,578 m at the end of June 2025 , which represents a year-on-year growth of 6.3 %, mainly due to the evolution of the net interest income . The most relevant aspects of the year-on-year changes in the income statement as of the end of June 2025 are summarized below: – Net interest income increased by 8.9%, favored by the higher lending balances together with a lower cost of customer funds and wholesale financing. – Net fees and commissions grew by 6.3%, mainly as a result of the revenues from asset management and payments. – The contribution from NTI increased by 18.8%. – Other operating income and expenses recorded an increase of 25.3%, thanks to the favorable evolution of the insurance business. – Operating expenses grew by 10.2%, due to both higher general and personnel expenses, where the increase in technology investment expenses stood out. – Loan-loss provisions increased by 12.8 %, as a result of the dynamism of activity and the worsening of the macroeconomic environment compared to the initially forecasted at the beginning of 2025. Thus, the cumulative cost of risk at the end of June 2025 increased to 3.24%, an increase of 19 basis points compared to that recorded at the end of March, although it remains 15 basis points below the end of 2024. In the quarter, and excluding the effect of exchange rate fluctuations, BBVA Mexico generated net attributable profit of € 1,265 m, which represents a -3.6 % variation with respect to the previous quarter. On the positive side, of note was the growth in net interest income, the other operating income and expenses line, which included higher results from the insurance business compared to the previous quarter and lower expenses