Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 16

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 16
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66,113 million, a 1.9% increase compared with the €64,893 million recorded as of December 31, 2024. Within this heading, loans and advances to customers of this operating segment as of March 31, 2025 amounted to €47,892 million, a 0.8% decrease compared with the €48,299 million recorded as of December 31, 2024, mainly due to the depreciation of the Turkish lira against the euro, partially offset by the increase in Turkish lira-denominated credit card loans and consumer loans, due, in part, to the measures adopted by the Turkish authorities to encourage Turkish lira-denominated loans (see “Other Matters—Regulatory Update for Turkey”) . In addition, within this heading, debt securities of this operating segment as of March 31, 2025 amounted to €6,893 million, a 7.1% decrease compared with the €7,417 million recorded as of December 31, 2024, mainly as a result of the depreciation of the Turkish lira against the euro, partially offset by increases in local currency-denominated bonds as part of our liquidity management measures . Further, loans and advances to central banks increased in the three months ended March 31, 2025, as a result of the increases in the volume of Turkish lira deposits and the continued existence of reserve ratio requirements in Turkish lira deposits established by the Central Bank of the Republic of Turkey (“

#### CBRT
”) (5% and 4% in September 2024 and November 2024, respectively).

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of March 31, 2025 amounted to €1,854 million, a 4.6% decrease compared with the €1,943 million recorded as of December 31, 2024, mainly due to the depreciation of the Turkish lira against the euro, partially offset by the increase in trading derivatives.

Customer deposits at amortized cost of this operating segment as of March 31, 2025 amounted to €62,375 million, a 7.4% increase compared with the €58,095 million recorded as of December 31, 2024, mainly due to increases in Turkish lira and U.S. dollar deposit s , mainly , in the wholesale portfolio, partially offset by the depreciation of the Turkish lira against the euro.

Off-balance sheet funds of this operating segment