Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 47

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 47
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 of this operating segment for the nine months ended September 30, 2025 was €71 million, a 78.6% increase compared with the €40 million income recorded for the nine months ended September 30, 2024, mainly due to the increase in insurance premiums, partially offset by the depreciation of the Turkish lira against the euro.

#### Administration costs
Administration costs of this operating segment for the nine months ended September 30, 2025 amounted to €1,475 million, a 19.7% increase compared with the €1,232 million recorded for the nine months ended September 30, 2024, mainly as a result of the increase in the number of employees, salary updates and the increase in general expenses (technology and marketing) driven to a great extent by the high average inflation rates, partially offset by the depreciation of the Turkish lira against the euro. At constant exchange rates, there was a 48.3% increase in administration costs, which was above Turkey’s inflation rate for the period.

#### Depreciation and amortization
Depreciation and amortization for the nine months ended September 30, 2025 was €176 million, a 19.1% increase compared with the €148 million recorded for the nine months ended September 30, 2024, mainly due to increases in the depreciation expense related to IT equipment, partially offset by the depreciation of the Turkish lira against the euro. At constant exchange rates, there was a 32.5% increase in depreciation and amortization.

#### Impairment or reversal of i
mpairment on financial assets not measured at fair value through profit or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification of this operating segment for the nine months ended September 30, 2025 was a €667 million expense compared with the €333 million expense recorded for the nine months ended September 30, 2024, mainly as a result of the increase in the expected losses related to the retail portfolio (mainly related to consumer and credit card loans) (which volumes increased and also required higher credit impairments) , partially offset by lower expected losses in the corporate loan portfolio and the depreciation of the Turkish lira against the euro.

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### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the