Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 45
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 monetary policy could become more expansionary with rate cuts to around 8.5% at the end of the year. Total credit growth in the banking system stood at 6.1% year-on-year in August 2025. As in previous months, the system's lending continued to be driven by corporate credit and mortgage loans, with growth of 6.2% and 11.0% respectively. As for consumer credit remained virtually flat in August shows a slightly increased dynamism than in previous months, with growth in year-on-year terms of 3.2%. On the other hand, total deposits grew by 10.1% year-on-year at the end of August 2025, with a more balanced evolution by portfolios than in previous quarters. Thus, demand and time deposits grew by 9.9% and 10.3% year-on-year respectively. The system's NPL ratio has improved in the last few months, placing at 4.22% in August 2025, 88 basis points below the figure for the same month of the previous year. Activity and results – Lending activity grew at a rate of 6.1% compared to the end of 2024, and 2.0 % in the third quarter . In terms of asset quality indicators, they improved with respect to the end of 2024: the NPL ratio stood at 4.5%, a decrease of 49 basis points with respect to the previous quarter, as a result of the containment of inflows and the good recovery dynamics of the quarter, as well as the write-offs mainly in retail portfolios. On the other hand, the coverage ratio rose 381 basis points in the quarter, placing at 89% due to the decrease in non-performing loans. – Customer funds grew by 2.1% compared to the end of 2024, mainly thanks to the growth of time deposits (+5.4%) and, to a lesser extent, to the increase of off-balance sheet funds (+11.7%). In the third quarter , off-balance sheet funds grew by 9.5% and offset the lower customer balances.

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

| January - September 2025Report - p.51 |

– The cumulative net attributable profit at the end of September 2025 stood at 122 million euros, that is, 33.6 % higher than at the end of