Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 21

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 21
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 December 31, 2024, mainly as a result of the growth in demand deposits in the branches located in Europe, partially offset by the depreciation of the U.S. dollar against the euro.

Off-balance sheet funds of this operating segment as of March 31, 2025 amounted to €655 million, a 1.6% increase compared with the €645 million recorded as of December 31, 2024.

The non-performing loan ratio (as defined herein) of this operating segment was 0.3% as of March 31, 2025 and December 31, 2024, with each of non-performing loans and total credit risk decreasing compared to December 31, 2024. This operating segment’s non-performing loan coverage ratio (as defined herein) increased to 109% as of March 31, 2025 from 102% as of December 31, 2024 mainly as a result of the decrease in non-performing loans.

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### OPERATING AND FINANCIAL REVIEW AND PROSPECTS

#### Critical Accounting Policies
For a description of our critical accounting policies, see Note 2 to the Unaudited Condensed Interim Consolidated Financial Statements, “Item 5. Operating and Financial Review and Prospects—Critical Accounting Policies” in our 2024 Form 20-F and Note 2.2 to the Consolidated Financial Statements.

We consider certain of our critical accounting policies to be particularly important due to their effect on the financial reporting of our financial condition and results of operations and because they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Our reported financial condition and results of operations are sensitive to accounting methods, assumptions and estimates that underlie the preparation of our consolidated financial statements. The nature of critical accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results to changes in conditions and assumptions are factors to be considered when reviewing the Unaudited Condensed Interim Consolidated Financial Statements. For information on the estimates made by the Group in preparing the Unaudited Condensed Interim Consolidated Financial Statement, see Note 1.3 to the Unaudited Condensed Interim Consolidated Financial Statements.

See Note 6.2 to the Unaudited Condensed Interim Consolidated Financial Statements for information on the measurement of expected credit loss.

### Operating Results
Factors Affecting the Compar