Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 48

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 48
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 the methodology, as well as the calculation of the metric at the consolidated Group level, see Alternative Performance Measures atthis report. |          |       |         |          |

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.54 |

Unless expressly stated otherwise, all the comments below on rates of change, for both activity and results, will be given at constant exchange rates. These rates, together with the changes at current exchange rates, can be found in the attached tables of the financial statements and relevant business indicators. Comments that refer to Europe exclude Spain. Activity The most relevant aspects of the evolution of BBVA Group's Rest of Business activity during the first half of 2025 were: – Lending activity (performing loans under management) grew 16.0%, thanks to the favorable evolution of project finance as well as corporate lending, highlighting both the New York branch and Asia. – Customer funds under management recorded a decrease of 1.3%, originated in the deposits of the New York branch. The most relevant aspects of the evolution of BBVA Group's Rest of Business activity during the second quarter of 2025 were: – Lending activity (performing loans under management) grew at a rate of 14.9%, mainly due to the evolution of corporate loans (+12.5%). In terms of geographical areas, growth was particularly strong in Asia, followed by the New York branch and lastly Europe. – On the other hand, compared to the end of March, the NPL ratio decreased to 0.2%, while the coverage ratio increased to 140%, an increase of 3,076 basis points in the quarter due to the reduction of the doubtful balance as a result of the improvement in two singular customers. – Customer funds under management recorded a decrease of 4.9%, due to lower customer deposits in Europe and New York, partially offset by growth in Asia. Results Rest of Business achieved an accumulated net attributable profit of € 304 m during the first half of 2025 , 30.7 % higher than in the same period of the previous year, favored by the evolution of the recurrent revenues and the NTI , which widely offset the increase in operating expenses. In the year-on-year evolution of the main lines of the area's income statement at the end of June 2025 , the following was particularly noteworthy: – Net interest income grew by 14.9% as a