Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 21

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 21
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 Inc., our broker-dealer in the United States, partially offset by the depreciation of the U.S. dollar against the euro.

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Financial assets at amortized cost of this operating segment as of June 30, 2025 amounted to €61,908 million, a 10.5% increase compared with the €56,013 million recorded as of December 31, 2024. Within this heading, loans and advances to customers of this operating segment as of June 30, 2025 amounted to €55,974 million, an 11.1% increase compared with the €50,392 million recorded as of December 31, 2024, mainly due to increased activity in the branches located in New York and Europe, partially offset by the depreciation of the U.S. dollar against the euro.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of June 30, 2025 amounted to €902 million, a 40.5% increase compared with the €642 million recorded as of December 31, 2024, mainly due to the increase in deposits (through repurchase agreements) in BBVA Securities Inc. and in the value of derivatives in the branches located in Asia, recorded under “financial liabilities held for trading”, partially offset by the depreciation of the U.S. dollar against the euro.

Customer deposits at amortized cost of this operating segment as of June 30, 2025 amounted to €26,033 million, a 5.1% decrease compared with the €27,432 million recorded as of December 31, 2024, mainly as a result of the depreciation of the U.S. dollar against the euro and time deposits in the New York branch, partially offset by the increase in demand deposits in the branches located in Europe.

Off-balance sheet funds of this operating segment (which consists of “Pension funds”, including customers’ portfolios) as of June 30, 2025 amounted to €682 million, a 5.8% increase compared with the €645 million recorded as of December 31, 2024.

The non-performing loan ratio (as defined herein) of this operating segment decreased to 0.2% as of June 30, 2025 from 0.3% as of December 31, 2024 mainly due to repayments and recoveries from the corporate and investment banking business. As a result thereof, this operating segment