Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 52

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 52
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 of end of June 2025 are summarized below: – Net interest income increased by 40.3%, thanks to the continued growth of the portfolio in both 2024 and in the first half of 2025, as well as effective price management. By geographical areas, Turkey and Mexico showed higher growth, followed by the United States. – Net fees and commissions grew by 21.3%, with relevant agreements in all the geographical areas, where Mexico, and Rest of Business stand out. Noteworthy was the issuance activity in the primary debt market, treasury management in Mexico and significant operations in project finance and corporate loans. – In the NTI line (+15.9%), the Global Markets unit showed a favorable evolution. Of note in the first half were equity and currency operations. Trading activity grew year-on-year, with special mention of the evolution of Rest of Business.

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

| January - June 2025Report - p.59 |

– Operating expenses increased by 19.6% due to higher personnel expenses associated with strategic plans and new capacities, as well as growth in technology expenses, associated with the execution of strategic projects for the area. However, the efficiency ratio stood at 26.5% at the end of June, which represents an improvement of 177 basis points compared to the first half of 2024, thanks to the strong growth in gross income. – Provisions for impairment on financial assets line recorded a release of €55m, 232.3 % higher than in the same period of 2024, mainly originating in Turkey, and to a lesser extent, in Peru. In the second quarter of 2025 and excluding the effect of the variation in exchange rates, the Group's wholesale businesses generated a net attributable profit of € 766 m ( -2.7 % compared to the previous quarter). This evolution is negatively impacted by the behavior of the ROF.

17 With the exception of those countries whose economies have been considered hyperinflationary, for which the closing exchange rate of the most recent period will be used. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.60 |

Alternative Performance Measures (APMs) BBVA presents its results in accordance with the International Financial Reporting Standards (EU-IFRS). Additionally, the Group also considers that some Alternative Performance