Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 71

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 71
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) Includes “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.

(2) Not meaningful

(3) “Net margin before provisions” is calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

#### Net interest income / (expense)
Net interest expense of the Corporate Center for the six months ended June 30, 2025 was €199 million, a 14.5% increase compared with the €174 million net expense recorded for the six months ended June 30, 2024, mainly due to the higher funding costs within a global high interest rate environment.

#### Net fees and commissions
Net fees and commissions of the Corporate Center for the six months ended June 30, 2025 was an expense of €62 million, a 57.7% increase compared with the €40 million expense recorded for the six months ended June 30, 2024 mainly as a result of the higher fees paid in connection with the debt issuances carried out by Banco Bilbao Vizcaya Argentaria, S.A.

Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net losses on financial assets and liabilities and exchange differences of the Corporate Center for the six months ended June 30, 2025 were €85 million loss, a 68.5% increase compared with the €50 million loss recorded for the six months ended June 30, 2024, mainly as a result of the negative exchange differences, in particular, with respect to the U.S. dollar, partially offset by higher gains in the non-trading portfolio from the revaluation of certain venture capital investments.

#### Other operating income and expense, net
Other operating income and expense, net of the Corporate Center for the six months ended June 30, 2025 was €61 million of net income compared with the €11 million net expense recorded for the six months ended June 30, 2024. The six months ended June 30