Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 50

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 50
---
 on Global Markets), all together comfortably offset the increase in operating expenses. In terms of provisions for impairment of financial assets, in cumulative terms, they are below those recorded in 2023 (-2.5%), due to the expected improvement in flows during the second half of the year. Thus, the profit of the quarter stood at €53m, a variation of -16.3% compared to the previous quarter, mainly due to the growth of expenses, specifically personnel expenses, which include in the last quarter of the year the adjustment of the variable compensation based on the annual performance.

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

| 46 |

### Rest of Business

#### Highlights
#### •

Favorable credit evolution and significant growth in customers funds

#### •

#### Increase in recurring revenues
#### •

Improvement in NPL and NPL coverage ratios in the year

#### •

Efficiency ratio and Group contribution improve in the year

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

| 47 |

| FINANCIAL STATEMENTS AND RELEVANT BUSINESS INDICATORS (MILLIONS OF EUROS AND PERCENTAGE)  |     |       |     |       |     |         |     |          |
| Income statement                                                                          |     |  2024 |     |   ∆ % |     | ∆ % ⁽²⁾ |     | 2023 ⁽¹⁾ |
| Net interest income                                                                       |     |   741 |     |  37.6 |     |    35.4 |     |      539 |
| Net fees and commissions                                                                  |     |   307 |     |  25.8 |     |    23.4 |     |      244 |
| Net trading income                                                                        |     |   406 |     |  28.2 |     |    25.7 |     |      316 |
| Other operating income and expenses                                                       |     |     4 |     |   8.4 |     |   -20.3 |     |        3 |
| Gross income                                                                              |     | 1,458 |     |  32.2 |     |    29.7 |     |    1,103 |
| Operating expenses                                                                        |     |  -743 |     |  26.7