Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 37

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 37
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.0%), credit for home purchases (+7.6%) and credit to companies (+13.4%). Growth in total deposits (demand and time deposits) remained slightly below the growth in lending (+10.5% year-on-year in November), with greater dynamism in time deposits (+13.8%) than in demand deposits (+8.7%). The system's NPL ratio improved slightly to 2.26% in November 2024 and capital indicators are healthy.

Unless expressly stated otherwise, all the comments below on rates of variation, for both activity and results, will be given at constant exchange rate. These rates, together with variations at current exchange rates, can be found in the attached tables of financial statements and relevant business indicators.

#### Activity
The most relevant aspects related to the area's activity 14 in 2024 were:

– Lending activity (performing loans under management) showed a very strong growth, which stood at 15.6% between January and the end of December 2024, with a more dynamic performance of the wholesale portfolio, which grew by 18.1%. Within this portfolio, which includes companies and public administrations, the evolution of the corporate banking segment was outstanding. In the retail portfolio, which grew at a rate of 13.8%, consumer loans increased by 17.0%, mortgages by 9.2%, credit cards by 13.7% and loans to SMEs by 19.8%.

– Customer funds under management increased 12.7% in 2024, with growths of 6.3% in customer deposits and 23.7% in off-balance sheet funds thanks to the sales boost.

The most relevant aspects related to the area's activity in the fourth quarter of 2024 were:

– Lending activity (performing loans under management) grew by 5.7% in the fourth quarter of 2024, with similar dynamics to those mentioned in the annual evolution of 2024: greater dynamism of the wholesale portfolio, which grew more than the retail portfolio of (+8.7 versus +3.3%).

– With regard to the asset quality indicators, the NPL ratio stood at 2.7% at the end of December 2024, which represents an increase of 5 basis points compared to the previous quarter, mainly due to the performance of the portfolio and the reduction of non-performing balances in the wholesale portfolio. On the other hand, the NPL coverage ratio was 121% at the end