Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 20

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 20
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348 million recorded as of December 31, 2024, mainly due to the decrease in cash balances held at central banks within this operating segment, in particular, at the Fed, due in part to lower interest rates in the United States, supporting the shift towards liquid trading assets, which typically offer higher short-term yields, and the increased grant of loans on a constant exchange rates basis.

Financial assets at fair value for this operating segment (which includes the following portfolios: “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss”, “Financial assets designated at fair value through profit or loss” and “Financial assets at fair value through other comprehensive income”) as of March 31, 2025 amounted to €1,818 million, an 11.7% increase compared with the €1,627 million recorded as of December 31, 2024, mainly due to the increase in loans and advances (through reverse repurchase agreements) recorded under “Financial assets held for trading” in BBVA Securities Inc., our broker-dealer in the United States, and increases in debt securities in the New York branch, partially offset by the depreciation of the U.S. dollar against the euro.

Financial assets at amortized cost of this operating segment as of March 31, 2025 amounted to €55,948 million, a 0.1% decrease compared with the €56,013 million recorded as of December 31, 2024. Within this heading, loans and advances to customers of this operating segment as of March 31, 2025 amounted to €50,152 million, a 0.5% decrease compared with the €50,392 million recorded as of December 31, 2024, mainly due to the depreciation of the U.S. dollar against the euro.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of March 31, 2025 amounted to €550 million, a 14.3% decrease compared with the €642 million recorded as of December 31, 2024, mainly due to the decrease in deposits recorded under “financial liabilities held for trading” and, to a lesser extent, the depreciation of the U.S. dollar against the euro.

Customer deposits at amortized cost of this operating segment as of March 31, 2025 amounted to €28,032 million, a 2.2% increase compared with the €27,432 million recorded as of