Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 39

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 39
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 9.1%, respectively. Growth in foreign currency loans slowed down and stood at 2.9%.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - September 2025Report - p.45 |

– In terms of asset quality, the NPL ratio increased by 28 basis points compared to the figure as of the end of June to 3.7%, mainly as a result of the increase in non-performing loans, both in the retail and the wholesale portfolios, partially offset by sales of impaired loans and recoveries. On the other hand, the NPL coverage ratio recorded a decrease of 805 basis points in the quarter due to the increase of non-performing loans, standing at 78% as of September 30, 2025. – In the evolution of customer funds during the quarter, off-balance sheet funds stood out, which recorded growth of 22.2%. On the other hand, customer deposits increased by 9.5% with higher balances in both, US dollar deposits (+10.2%), and Turkish lira balances (+2.0%) driven in both cases by demand deposits. Results Turkey reached a net attributable profit of € 648 m during the first nine months of 2025 , which compares very favorably with the result achieved in the same period of the previous year, as a result of the good performance of recurring revenues in banking business (net interest income and net fees and commissions) and a less negative hyperinflation impact. As mentioned above, the year-on-year comparison of the accumulated income statement at the end of September 2025 at current exchange rate is affected by the depreciation of the Turkish lira in the last year (-21.6%). To isolate this effect, the highlights of the results of the first nine months of 2025 at constant exchange rates are summarized below: – Net interest income grew year-on-year, mainly driven by the dynamism of lending activity and by the improvement of the Turkish lira customer spread. In addition, the central bank has increased the remuneration of certain Turkish lira reserves since February 2024. – Net fees and commissions recorded a significant increase, driven by the solid performance in fees and commissions associated with payment methods, followed by those related to asset management, insurances and guarantees, which compensated the increase of the paid commissions for payroll gatherings. – Lower NTI, due to the currency positions the area maintains, partially offset by higher results from