Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 35

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 35
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 the end of May 2025, the volume of credit to the non-financial private sector increased by 12.2% year-on-year, with growth in all the main portfolios: consumer loans (+13,6%), mortgage loans (+6,2%) and corporate loans (+14,0%). The growth of total deposits (demand and time deposits) remained slightly below than the credit growth (+9,0% year-on-year at May 2025), with higher balances in time deposits (+8,7%) and in demand deposits (+9,2%). The system's NPL ratio worsened slightly to 2.28% in May 2025 and the capital indicators are comfortable. Unless expressly stated otherwise , al l the comments below on rates of variation, for both activity and results, will be given at constant exchange rate. These rates, together with variations at current exchange rates, can be found in the attached tables of financial statements and relevant business indicators . Activity The most relevant aspects related to the area's activity during the first half of 2025 were: – Lending activity (performing loans under management) grew by 2.6 % during the first half of 2025, with a more dynamic behavior in the retail portfolio, which grew by 5.6 %, with a favorable evolution of all the portfolios, particularly consumer loans, which increased by 7.3% . For its part, the wholesale portfolio remained stable ( -0.7 % the first half of 2025) . – Customer deposits under management increased by 6.9 % in the first half of 2025, with growth in customer deposits of 4.4% , thanks to the commercial boost in a highly competitive environment to attract liabilities and of 10.5 % in off-balance sheet resources. The most relevant aspects related to the area's activity in the second quarter of 2025 were: – During the quarter, lending activity grew by 0.6%, driven by the dynamism of all products in the retail portfolio, which increased by 2.9%, especially consumer loans ( +3.6 %) and credit cards ( +3.9%) . – With regard to the asset quality indicators, the NPL ratio stood at 2.7% at the end of June 2025, which represents an increase of 26 basis points compared to the end of March, mainly explained by the growth of non-performing loans in the retail portfolio, as a result of higher inflows and lower write