Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 32

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 32
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audited Condensed Interim Consolidated Financial Statements) and the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Depreciation and amortization

Depreciation and amortization for the nine months ended September 30, 2025 was €1,128 million, a 0.2% increase compared with the €1,125 million recorded for the nine months ended September 30, 2024.

Provisions or reversal of provisions

Provisions or reversal of provisions for the nine months ended September 30, 2025 amounted to an expense of €233 million compared with the €99 million expense recorded for the nine months ended September 30, 2024, mainly due to higher provisions for contingent risks in Turkey.

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 for the nine months ended September 30, 2025 was an expense of €4,328 million, a 1.1% increase compared with the €4,279 million expense recorded for the nine months ended September 30, 2024 mainly due to the increase in the expected losses related to the retail portfolio (mainly related to consumer and credit card loans) in Turkey (which volumes increased and also required higher credit impairments) and higher credit impairment requirements in the retail loan portfolios in Mexico (as a result of the worsening of the macroeconomic scenario) and Argentina (in particular, related to consumer and credit card loans , as a result in part of the greater credit activity (as we increased private lending as a result of lower government borrowings)), partially offset by lower credit impairment requirements in the retail loan portfolios in Colombia and Peru and, to a lesser extent, in the corporate loan portfolio in Turkey, and the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Operating profit / (loss) before tax

As a result of the foregoing, operating profit before tax for the nine months ended September 30, 2025 amounted to €12,292 million, a 5.5% increase compared with the €11,647 million recorded for the nine months ended September 30, 2024.

Tax expense or income related to profit or loss from continuing operations

Tax expense related to profit from continuing operations for