Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001193125-25-101898
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 11
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Inflation rate: 10.1% in 1Q25 (vs 6.3% in 4Q24). Annual inflation down to 38.1% YoY in 1Q25 (vs 44.4% 2024) ” Current (%) 1Q25 vs 1Q24 vs 4Q24 Net Interest Income 701 152.7 23.8 Net Fees and Commissions 549 29.9 -22.3Net Trading Income 124 -60.9 -59.9Other Income & Expenses -107 -9.8 -48.3Of which: Net Monetary Position (NMP) loss -348 -36.74.5 CPI linkers revenues 311 -29.224.9 Gross Income 1,267 41.2 -7.8Operating Expenses -57729.8 -21.1Operating Income 690 52.4 7.2 Impairment on Financial Assets -234211.6 21.2 Provisions and Other Gains and Losses -2n.s. -103.7Income Before Tax 453 9.7 -12.4Income Tax -2658.6 -13.2 Non-controllingInterest -3118.0 -12.6Net Attributable Profit (reported) 158 9.9 -10.9 TLloan growth in line with annual inflation. FC loan increase focused on export loans. NII supported by TL customer spread improvement (+0.9 pp QoQ), driven by lower cost of TL deposits. Strong performance in fees, mainly from payments. Increasing asset management and insurance fees. CoR at 189 bps in line with our guidance, where retail portfolio concentrate the requirements.

1Q25 Earnings 20 South America +16.9% Colombia Peru Argentina Other ACTIVITY (MAR-25)KEY RATIOS (CONSTANT €) €Bn Colombia Peru Other +2.1% +3.0% +241.7% +10.6% +4.2% +133.1% +15.9% +14.9% (1) Performing loans and Cust.Funds under management, excluding repos. (1) Other includes BBVA Forum (Chile), Venezuela and Uruguay. Argentina CUSTOMER SPREAD (%) COST OF RISK (YTD, %) YoY YoY Lending1 Cust.Funds1 1Q24 4Q24 1Q25 1Q