Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 50

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 50
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 income
Net interest income of this operating segment for the nine months ended September 30, 2025 amounted to €3,537 million, a 15.3% decrease compared with the €4,178 million recorded for the nine months ended September 30, 2024, mainly as a result of the lower yield and volume in the public sector loan portfolio, particularly in Argentina, driven in part, with respect to the yield, by the decline in the monetary policy rate in Argentina, the lower yield in the securities portfolio and the depreciation of the Argentine peso against the euro, partially offset by increases in the volume of the commercial and the consumer loan portfolios in Argentina. At constant exchange rates, there was a 1.9% decrease in net interest income. The net interest margin over average total assets of this operating segment amounted to 6.52% for the nine months ended September 30, 2025, compared with 8.29% for the nine months ended September 30, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the nine months ended September 30, 2025 amounted to €655 million income, a 7.5% increase compared with the €610 million income recorded for the nine months ended September 30, 2024, mainly due to increases in payment systems fees (in particular, related to credit cards), as a result of increases in the volume of transactions and commission rates in Argentina, partially offset by the depreciation of the Argentine peso against the euro. At constant exchange rates, there was an 18.9% increase in net fees and commissions.

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

Net gains on financial assets and liabilities and Exchange differences, net, of this operating segment for the nine months ended September 30, 2025 were €433 million, a 20.9% decrease compared with the €548 million gain recorded for the nine months ended September 30, 2024, mainly due to the lower gains from the ALCO portfolio in Argentina (due to increased volatility in the financial markets) and, to a lesser extent, the depreciation of the Argentine peso against the euro, partially offset by the higher gains from the Global Markets unit in Colombia and Argentina. A t constant exchange rates, there was an 11.6% decrease in net gains on financial assets and liabilities and exchange differences.

#### Other operating income and expense,