Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001193125-25-101894
Chunk: 4

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 4
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 significant increases in all portfolios, particularly in commercial (+25 percent including all segments), consumer (+16 percent), and cards (+14 percent). Customer funds also grew strongly (+16 percent), especially off-balancesheet funds (mutual funds) and demand deposits. Mexico posted a net attributable profit of €1.33 billion in 1Q25 (+8 percent), with outstanding performance of core revenues. NII, in particular, was boosted by greater lending activity and lower costs of customer resources as well as wholesale financing. Risk indicators performed better than expected, driven by the positive evolution of retail portfolios: The cost of risk stood at 3.05 percent, the NPL ratio was 2.4 percent, and the coverage ratio stood at 129 percent. In Türkiye, lending increased, boosted by loans in Turkish lira (+39 percent yoy), and to a lesser extent, by foreign currency loans (+20 percent). Customer funds in Turkish lira also grew by 59 percent, while the resources in foreign currency increased by 8 percent. In the P&L account, the strength of core revenues, together with a lower adjustment for hyperinflation, drove profit by 10 percent in current euros, to €158 million. The cost of risk stood at 1.89 percent, the coverage ratio was 93 percent, and the NPL ratio stood at 3.2 percent. In South America, lending activity increased by 17 percent yoy, while customer funds grew by 24 percent. The area posted a net attributable profit of €218 million in the first quarter, which represents an increase of 83 percent in current euros. It is noteworthy a lower adjustment for hyperinflation in Argentina, a better performance of fees and commissions, as well as a more contained level of loan-loss provisions. In the country breakdown, Peru reported earnings of €84 million; Argentina, €50 million; and Colombia, €33 million. Risk indicators improved in the region compared to Dec. 24, with the cost of risk standing at 2.30 percent, the NPL ratio at 4.3 percent and the coverage ratio at 90 percent. BBVA Corporate Communications Tel. +34 699 337 924 comunicacion.corporativa@bbva.com For more financial information about BBVA visit: https://shareholdersandinvestors.bbva.com/ For more news about BBVA visit: https://www.bbva.com

BBVAGROUP (€M) Change Change 1Q25/1Q