Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 46

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 46
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2,467 |   -5.0 |

Depreciation and amortization

Depreciation and amortization for the six months ended June 30, 2025 was €749 million, a 1.4% decrease compared with the €759 million recorded for the six months ended June 30, 2024, mainly due to the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Provisions or reversal of provisions

Provisions or reversal of provisions for the six months ended June 30, 2025 amounted to an expense of €133 million, compared with the €38 million expense recorded for the six months ended June 30, 2024. The period-on-period increase was due mainly to higher provisions related to contingent and legal risks in Mexico, partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol. Provisions or reversal of provisions for the six months ended June 30, 2024 was positively affected by the reversal of provisions for certain contingencies in Turkey related to the 2023 earthquakes.

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification for the six months ended June 30, 2025 was an expense of €2,761 million, a 2.7% decrease compared with the €2,839 million expense recorded for the six months ended June 30, 2024, mainly due to the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol, lower credit impairment requirements in the retail loan portfolios in Colombia and Peru, higher reversal of impairment in the wholesale portfolio in Turkey and, to a lesser extent, lower credit impairment requirements in the retail loan portfolio in Spain, partially offset by the increase in the expected losses related to the retail portfolio (mainly related to consumer and credit card loans, which volumes increased and also required higher credit impairments) in Turkey, higher credit impairment requirements, in particular, in the retail portfolio as a result of the worsening of the macroeconomic scenario in Mexico, as well as higher credit impairment requirements related to increases in the volume of mortgage and consumer loans in Mexico, and higher credit impairments in the retail loan portfolio in Argentina.

The table below provides a breakdown