Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 38

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 38
---
43% in August 2025. The capital indicators remained at comfortable levels at the same date. Unless expressly stated otherwise, all comments below on rates of changes for both activity and results will be presented at constant exchange rates. These rates, together with changes at current exchange rates, can be observed in the attached tables of the financial statements and relevant business indicators. For the conversion of these figures, the end of period exchange rate as of September 30, 2025 is used, reflecting the considerable depreciation by the Turkish lira in the last twelve months. Likewise, the Balance sheet, the Risk-Weighted Asset (RWA) and the equity are affected. Activity 15 The most relevant aspects related to the area's activity during the first nine months of 2025 were: – Lending activity (performing loans under management) recorded an increase of 38.0% between January and September 2025, mainly driven by the growth in Turkish lira loans ( +30.2 %). This growth was largely supported by the performance of credit cards and business banking loans. Foreign currency loans (in US dollars) increased by 15.1 %, boosted by the increase in activity with customers focused on foreign trade (with natural hedging of exchange rate risk). – Customer deposits ( 70.1 % of the area's total liabilities as of September 30, 2025) remained the main source of funding for the balance sheet and increased by 38.0 % favored by evolution the positive performance of Turkish lira time deposits ( +23.7 %), which represent a 81.3 % of total customer deposits in local currency. Balances deposited in foreign currency (in U.S. dollars) increased by 25.7 %, driven by the demand deposits +18.9% . Thus, as of September 30, 2025, Turkish lira deposits accounted for 63 % of total customer deposits in the area. For its part, off-balance sheet funds grew by 74.2 %. The most relevant aspects related to the area’s activity in the third quarter of 2025 were: – Lending activity (performing loans under management) increased by 10.0%, mainly driven by the growth in Turkish lira loans (+10.7%, above the quarterly inflation rate, which stood at 7.5%). Within Turkish lira loans, credit cards continued to drive growth, followed to a lesser extent by consumer loans, which grew at rates of 14.7% and