Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 12
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0% increase compared with the €179,667 million recorded as of December 31, 2024, mainly due to increases in corporate loans, loans to the public sector and consumer loans. Loans to the public sector increased due in part to the recognition of an asset under the “Financial assets at amortized cost - Government” line item in the balance sheet as of June 30, 2025, as a result of the split payment corresponding to the new tax on the interest margin and commissions of certain financial entities (the “ Interest Margin and Commission Tax ”) for the year ended December 31, 2024, given that such payment was made but considered undue with respect to such year under the existing legal framework as of June 30, 2025 (see Note 13.1 to the Unaudited Condensed Interim Consolidated Financial Statements). Also within “Financial assets at amortized cost”, debt securities of this operating segment as of June 30, 2025 amounted to €48,471 million, a 13.3% increase compared with the €42,791 million recorded as of December 31, 2024, mainly as a result of an increase in Spanish sovereign debt securities.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of June 30, 2025 amounted to €74,975 million, a 0.2% decrease compared with the €75,143 million recorded as of December 31, 2024.

Customer deposits at amortized cost of this operating segment as of June 30, 2025 amounted to €230,120 million, a 1.6% increase compared with the €226,391 million recorded as of December 31, 2024, mainly due to the increase in deposits from public institutions (through repurchase agreements) and credit institutions.

Off-balance sheet funds of this operating segment (which includes “Mutual funds” (including customers’ portfolios) and “Pension funds”) as of June 30, 2025 amounted to €112,655 million, a 3.6% increase compared with the €108,694 million recorded as of December 31, 2024, mainly due to increases in mutual funds.

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This operating segment’s non-performing loan ratio (defined as non-performing loans divided by total credit risk and calculated as the sum of impaired loans and advances to customers, impaired guarantees to customers and other impaired commitments