Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 56

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 56
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 The net interest margin over average total assets of this operating segment amounted to 6.71% for the six months ended June 30, 2025, compared with 6.72% for the six months ended June 30, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the six months ended June 30, 2025 amounted to €1,144 million, a 9.9% decrease compared with the €1,269 million recorded for the six months ended June 30, 2024, mainly due to the depreciation of the Mexican peso against the euro, partially offset by higher payment systems fees and the fees resulting from an increase in asset management activities. At constant exchange rates, there was a 6.3% increase in net fees and commissions.

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

Net gains on financial assets and liabilities and exchange differences of this operating segment for the six months ended June 30, 2025 were €400 million, a 0.7% increase compared with the €397 million gain recorded for the six months ended June 30, 2024, mainly due to higher trading gains from the ALCO portfolio, resulting from the repurchase of bonds, offset, to a great extent, by lower gains from foreign currency operations within the Global Markets unit and the depreciation of the Mexican peso against the euro. At constant exchange rates, there was an 18.8% increase in net gains on financial assets and liabilities and exchange differences .

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#### Other operating income and expense, net
Other operating income and expense, net of this operating segment for the six months ended June 30, 2025 was an expense of €166 million, a 2.5% decrease compared with the €170 million expense recorded for the six months ended June 30, 2024, mainly as a result of the depreciation of the Mexican peso against the euro, partially offset by the higher contributions made to the Deposit Guarantee Fund. At constant exchange rates, there was a 15.0% increase in net expense .

Income and expense on insurance and reinsurance contracts

Net income on insurance and reinsurance contracts of this operating segment for the six months ended June 30, 2025 was €459 million, a 2.9% increase compared with the €446 million income recorded for the six months ended June 30, 2024, mainly due to