Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 168

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 5
Chunk 168
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 operating profit before tax of this operating segment for the year ended December 31, 2024 and 53.0% for the year ended December 31, 2023.
Profit attributable to non-controlling interests
Profit attributable to non-controlling interests of this operating segment for the year ended December 31, 2024 amounted to €116 million, a 22.6% increase compared with the €95 million recorded for the year ended December 31, 2023, as a result, in part, of the increase in profit. 
Profit attributable to parent company
As a result of the foregoing, profit attributable to parent company of this operating segment for the year ended December 31, 2024 amounted to €611 million, a 15.9% increase compared with the €527 million recorded for the year ended December 31, 2023.
SOUTH AMERICA

                                                                                                                                                              For the year ended December 31,               
2024                                                                                                                                                                                     2023         Change
                                                                                                                                                                       (In Millions of Euros)         (In %)
Net interest income                                                                                                                                             5,589                   4,394           27.2
Net fees and commissions                                                                                                                                          834                     700           19.1
Net gains (losses) on financial assets and liabilities and Exchange differences, net (1)                                                                          798                     633           26.0
Other operating income and expense, net                                                                                                                       (1,935)                 (1,491)           29.7
Income and expense on insurance and reinsurance contracts                                                                                                         120                      96           24.9
Gross income                                                                                                                                                    5,405                   4,331           24.8
Administration costs                                                                                                                                          (2,341)                 (1,785)           31.2
Depreciation and amortization                                                                                                                                   (226)                   (165)           36.4
Net margin before provisions (2)                                                                                                                                2,838                   2,381           19.2
Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification                       (1,369)                 (1,134)           20.7
Provisions or reversal of provisions and other results                                                                                                          (127)                    (58)          120.5
Operating profit / (loss) before tax                                                                                                                            1,342                   1,189           12.8
Tax expense