Company: BBVXF
Filing Date: 2025-08-12
Form Type: DRS
Source: 0000950123-25-007520
Chunk: 131

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-08-12
Form: DRS
Chunk 131
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,144,674 |     |               |  5,021,335 |   |     |      |  2.07 |   |     |         | 245,173,480 |     |               |  4,723,217 |   |     |      |  1.93 |   |     |         | (3,028,806 | ) |     |               |   298,118 |   |     |        |   317,193 |   |     |        |  (25,270 | ) |     |      |  6,195 |   |

Financial income or expenses arising from the application of negative interest rates are recorded in line with the nature of the associated asset or liability. The credit institutions heading on the liabilities side includes negative interest rates applied to balances of credit institutions on the liabilities side, the most significant item being TLTRO III borrowing. Gross Margin Net fees and commissions reached €1,357 million as at the end of 2024, representing a decline of 2.1% year-on-year,which was mainly due to lower service fees, especially payment card and current account fees. Profit or loss on financial operations and exchange differences reached a total of €87 million, representing an increase compared to the end of 2023, mainly due to higher gains on derivatives. Dividends received and earnings of companies consolidated under the equity method amounted to €166 million, compared with €131 million in the previous year due to a higher contribution from the insurance business and greater earnings from BSCapital investees. Other operating income and expenses amounted to €(294) million, compared to €(447) million in 2023. The positive year-on-year variation is mainly explained by the fact that in the previous year €(132) million were recognized for the contribution to Banco Sabadell’s Deposit Guarantee Fund (DGF) and €(76) million for the contribution to the Single Resolution Fund (SRF), which offset the negative variation caused by the recognition of a more severe impact of the bank levy in 2024, which was €(192) million compared to €(156) million recognized in the previous year. Pre-provisions Income Total costs stood at €(3,084) million as at year-end 2024, representing an increase of 2.3% year-on-year. Recurring costs rose by 2.7% year-on-year, due to an increase in both staff expenses and general expenses