Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 36

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 36
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| 36 |

– Regarding the impairment on financial assets, it increased which is explained by the growth of the activity and higher requirements in retail portfolios, partially offset by the wholesale portfolios. Thus, the cumulative cost of risk as of March 31, 2025 stood at 1.89%.

– The provisions and other results line closed March 2025 at €-2m, which contrasts with the releases in the same period of the previous year, associated with significant recoveries from wholesale customers.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.

| 37 |

#### South America

#### Highlights
#### •

#### Growth in lending activity and customer funds
#### •

Lower year-on-year hyperinflation adjustment in Argentina in the other operating income and expenses line

#### •

Decrease of the loan loss provisions and improvement of risk indicators

#### •

Increase in the net attributable profit in all countries within this business area

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish-language version prevails.

| 38 |

| FINANCIAL STATEMENTS AND RELEVANT BUSINESS INDICATORS (MILLIONS OF EUROS AND PERCENTAGE) |     |       |     |       |     |         |     |       |
| Income statement                                                                         |     |  1Q25 |     |   ∆ % |     | ∆ % ⁽¹⁾ |     |  1Q24 |
| Net interest income                                                                      |     | 1,231 |     | -20.9 |     |   -12.4 |     | 1,555 |
| Net fees and commissions                                                                 |     |   227 |     |  18.0 |     |    23.0 |     |   193 |
| Net trading income                                                                       |     |   188 |     |  -4.2 |     |     7.4 |     |   196 |
| Other operating income and expenses                                                      |     |  -208 |     | -72.0 |     |   -71.5 |     |  -744 |
| Gross income                                                                             |     | 1,438 |     |  19.8 |     |    39.0 |     | 1,201 |
| Operating expenses                                                                       |     |  -635 |     |   5.8 |     |    12.2