Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 51

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 51
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 commissions of this operating segment for the three months ended March 31, 2025 amounted to €137 million, a 56.0% increase compared with the €88 million recorded for the three months ended March 31, 2024 mainly due to increased investment banking activity and, to a lesser extent, the appreciation of the U.S. dollar against the euro in average terms.

Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net gains on financial assets and liabilities and exchange differences of this operating segment for the three months ended March 31, 2025 were €107 million, a 14.1% increase compared with the €94 million net gain recorded for the three months ended March 31, 2024, mainly due to the higher positive exchange differences in Europe, the higher trading activity in the New York branch and, to a lesser extent, the appreciation of the U.S. dollar against the euro in average terms, partially offset by lower trading gains in Europe.

#### Administration costs
Administration costs of this operating segment for the three months ended March 31, 2025 amounted to €192 million, a 25.7% increase compared with the €152 million recorded for the three months ended March 31, 2024, mainly due to increases in personnel expenses in the branches located in New York and Europe and, to a lesser extent, the appreciation of the U.S. dollar against the euro in average terms.

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#### Depreciation and amortization
Depreciation and amortization for the three months ended March 31, 2025 amounted to €9 million, a 16.0% increase compared with the €7 million recorded for the three months ended March 31, 2024.

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 of this operating segment for the three months ended March 31, 2025 was a €19 million expense, a 17.9% increase compared with the €16 million expense recorded for the three months ended March 31, 2024, mainly as a result of the higher credit impairment requirements related to certain impairment entries in the household loan portfolios in Europe.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this