Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 51

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 51
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. Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.58 |

Unless expressly stated otherwise, all the comments below on rates of change, for both activity and results, will be given at constant exchange rates. For the conversion of these figures in those countries in which accounting for hyperinflation is applied, the end of period exchange rate as of June 30, 2025 is used. These rates, together with changes at current exchange rates, can be found in the attached tables of financial statements and relevant business indicators. When making comments referring to Europe in this area, Spain is excluded. Activity The most relevant aspects related to the area's activity in the first half of 2025 were: – Lending activity in the Group's wholesale businesses remained strong, with balances growing by 10.3% over the end of 2024; the United States, Europe and Asia drove this growth, with notable operations in project finance and corporate lending. – Customer funds increased (+2.0%) in the first half, with a mixed performance by geographical area. The most relevant aspects related to the area's activity in the second quarter of 2025 were: – Lending stood at the end of June 2025, 5.5% above the balance at March 31, 2025, continuing the upward trend shown in recent quarters. It was observed a particularly strong growth both in transactional business and in Investment Banking & Finance (IB&F). – Customer funds decreased by 4.5% during the second quarter of the year 2025, due to lower balances deposited, generally in all geographical areas except Asia and South America. Results CIB generated a net attributable profit of € 1,553 m in the first half of 2025 , up 33.5 % compared to the same period of the previous year and reflects the strength of the Group's wholesale businesses, with the aim of offering a value proposition focused on the needs of its customers 16 . All business divisions posted double-digit revenue growth: Global Markets with good behavior in all its products, particularly in currency, credit and interest rates; Global Transaction Banking (GTB), thanks to the positive evolution of recurring revenues, mainly net interest income; excellent first half in IB&F, with singular operations in fees and the good evolution of net interest income. The most relevant aspects of the year-on-year income statement evolution of this aggregate as