Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 27

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 27
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 |   0.2 | % |                         |     |                474 |     |   0.8 | % |
| Total        |     |                     |     |             56,554 |     | 100.0 | % |                         |     |             57,526 |     | 100.0 | % |

Readers are directed to the tables and Notes referred to above for information regarding our securities portfolio.

For a discussion of our investments in joint ventures and associates, see Note 15 to the Unaudited Condensed Interim Consolidated Financial Statements. For a discussion of the manner in which we value our securities, see Notes 2.2.1 and 8 to the Consolidated Financial Statements.

#### Loans and Advances
Diversification in our loan portfolio is our principal means of reducing the risk of loan losses. We also carefully monitor our loans to borrowers in sectors or countries experiencing liquidity problems. Our exposure to our five largest borrowers as of March 31, 2025 (which is the latest available information) excluding government-related loans amounted to €7,317 million or approximately 1.6% of our total outstanding loans and advances to customers.

Loans and Advances to Customers

As of June 30, 2025, our total loans and advances to customers amounted to €460,833 million, or 59.3% of total assets. Net of our loss allowances, total loans and advances to customers amounted to €449,211 million as of June 30, 2025, or 57.8% of our total assets, an increase from 55.6% of our total assets as of December 31, 2024. As of June 30, 2025, our total loans and advances to customers in Spain amounted to €184,010 million, up from €174,854 million as of December 31, 2024, mainly due to increases in corporate loans, loans to the public sector and consumer loans. Loans to the public sector increased due in part to the recognition of an asset under the “Financial assets at amortized cost - Government” line item in the balance sheet as of June 30, 2025, as a result of the split payment corresponding to the new Interest Margin and Commission Tax for the year ended December 31, 2024, given that such payment was made but considered undue with respect to such year under the existing legal framework as of June 30, 2025 (see Note 13