Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 18

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 18
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 considered to be hyperinflationary as defined by IAS 29 “Financial Reporting in Hyperinflationary Economies”. See Note 2.2.18 to the Consolidated Financial Statements for information on the application of IAS 29 “Financial Reporting in Hyperinflationary Economies” to hyperinflationary economies.

Cash, cash balances at central banks and other demand deposits as of March 31, 2025 amounted to €7,241 million, an 18.7% decrease compared with the €8,906 million recorded as of December 31, 2024, mainly due to an increase in the credit gap (as deposits decreased while loans increased) in the region, decreases in repurchase agreements in Peru and Colombia and the depreciation of the Argentine peso against the euro.

Financial assets at fair value for this operating segment (which includes the following portfolios: “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss”, “Financial assets designated at fair value through profit or loss” and “Financial assets at fair value through other comprehensive income”) as of March 31, 2025 amounted to €11,216 million, a 3.0% increase compared with the €10,884 million recorded as of December 31, 2024, mainly due to the increase of debt securities in Argentina, partially offset by the depreciation of the Argentine peso against the euro.

Financial assets at amortized cost of this operating segment as of March 31, 2025 amounted to €50,372 million, a 0.8% increase compared with the €49,983 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 €47,515 million, a 1.4% increase compared with the €46,846 million recorded as of December 31, 2024, mainly as a result of the increase in loans to enterprises and households in Argentina, partially offset by decreases in retail loans in Peru and the depreciation of the Argentine peso and the Peruvian sol against the euro.

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 €1,551 million,a 24.7% decrease compared with the €2,060 million recorded as of December 31, 2024, mainly due to the decrease in deposits recorded as