Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 40

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 40
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 foreign exchange scheme has resulted in some depreciation of the Argentine peso, its impact on inflation has been limited. BBVA Research forecasts annual inflation to end 2025 around 28.0%. It also maintains its GDP growth forecast at 5.5% for 2025, following a 1.7% contraction in 2024.

In Colombia, the recovery in economic growth has continued in recent months and is likely to persist going forward. BBVA Research has revised its 2025 GDP growth forecast down mainly due to a less favorable global environment and a slower-than-expected decline in inflation and interest rates. Inflation is expected to ease from levels above 5.0% earlier this year, and 4.8% in June 2025, to around 4.7% by December 2025. Despite the relative persistence of inflation and concerns over fiscal accounts, interest rates could be cut from 9.25% in June 2025 to around 8.25% by December 2025.

In Peru, BBVA Research estimates GDP will grow 3.1% in 2025, the same as its previous forecast and close to the 3.3% growth recorded in 2024. Low inflation (1.7% in June 2025 and estimated to be near 2.0% going forward), low interest rates (expected to remain steady at the current 4.5%), and relatively high copper prices, among other factors, support the growth outlook.

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BBVA Group results of operations for the six months ended June 30, 2025 compared with the six months ended June 30, 2024

The table below shows the Group’s unaudited condensed interim consolidated income statements for the six months ended June 30, 2025 and 2024.

|                                                                                                                                                                        |     | For the six months ended June 30, |     |         |      |     |         |          |
|                                                                                                                                                                        |     |                              2025 |     |         | 2024 |     |         |   Change |
|                                                                                                                                                                        |     |             -In Millions of Euros |     |         |      |     |         |    -In % |
| Interest and other income                                                                                                                                              |     |                                   |     |  28,468 |      |     |  30,680 |     -7.2 |
| Interest expense                                                                                                                                                       |     |                                   |     | -15,