Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 38

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 38
---
 credit card portfolios (+44.5% year-on-year) and by corporate credit (+37.7% year-on-year). Total deposits maintained the strength of recent months and grew 38.5% year-on-year at the end of May 2025, with similar growth in Turkish lira and dollar deposits (+39.5% and +36.8% respectively). Dollarization of the system decreased to 37.0% in May this year, from 37.5% a year earlier. The system's NPL ratio remains well under control and stood at 2.28% in May 2025. The capital indicators remained comfortable 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 June 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 half of 2025 were: – Lending activity (performing loans under management) recorded an increase of 25.4% between January and June 2025, mainly driven by the growth in Turkish lira loans ( +17.7 %). This growth was largely supported by the performance of credit cards and consumer loans. Foreign currency loans (in US dollars) increased by 11.8 %, boosted by the increase in activity with customers focused on foreign trade (with natural hedging of exchange rate risk). – Customer deposits ( 70.6 % of the area's total liabilities as of June 30, 2025) remained the main source of funding for the balance sheet and increased by 26.1 % favored by evolution the positive performance of Turkish lira time deposits ( +23.4 %), which represent a 82.8 % of total customer deposits in local currency. Balances deposited in foreign currency (in U.S. dollars) increased by 14.1 %. Thus, as of June 30, 2025, Turkish lira deposits accounted for 66 % of total customer deposits in the area. For its part, off-balance sheet funds grew by 42