Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 13

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 13
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 due to increases in corporate loans, public sector loans 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 September 30, 2025, as a result of the €295 million 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 September 30, 2025 (see Note 13 to the Unaudited Condensed Interim Consolidated Financial Statements). Also within this heading, debt securities of this operating segment as of September 30, 2025 amounted to €50,367 million, a 17.7% increase compared with the €42,791 million recorded as of December 31, 2024, mainly as a result of an increase in holdings of sovereign debt securities of European countries.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of September 30, 2025 amounted to €77,865 million, a 3.6% increase compared with the €75,143 million recorded as of December 31, 2024, mainly due to increases in short positions (reflecting expectations of a potential rebound in interest rates) and deposits, supported by higher liquidity in the financial system, partially offset by the decrease in derivatives recorded under “Financial liabilities held for trading and designated at fair value through profit or loss”.

Customer deposits at amortized cost of this operating segment as of September 30, 2025 amounted to €237,858 million, a 5.1% increase compared with the €226,391 million recorded as of December 31, 2024, mainly due to the increase in time deposits from public institutions (through repurchase agreements) within the Corporate and Investment Banking portfolio, supported by higher short-term liquidity placements of the public sector within a low interest rate environment.

Off-balance sheet funds of this operating segment (which includes “Mutual funds” (including customers’ portfolios) and “Pension funds”) as of September 30, 2025 amounted to €116,041 million, a 6.8% increase compared with the €108,694 million recorded as of December 31, 2024, mainly due to the