Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 45
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 banking system stood at 5.2% year-on-year in May 2025. As in previous months, the system's lending continued to be driven by corporate credit and mortgage loans, with growth of 6.6% and 9.9% respectively. As for consumer credit remained virtually flat in May in year-on-year terms, with growth of 0.3%. On the other hand, total deposits grew by 9.4% year-on-year at the end of May 2025, with a more balanced evolution by portfolios than in previous quarters. Thus, demand and time deposits grew by 8.5% and 10.6% year-on-year respectively. The system's NPL ratio has improved in the last few months placing at 4.41% in May 2025, 77 basis points below the figure of the same month of the previous year. Activity and results – Lending activity grew at a rate of 4.0% compared to the end of 2024, and 1.9 % in the quarter. In terms of credit quality indicators, they improved with respect to the end of 2024: the NPL ratio stood at 5.0%, a decrease of 31 basis points with respect to the previous quarter, as a result of the containment of inflows and the good recovery dynamics of the quarter, as well as the write-offs in both the retail and wholesale portfolios. On the other hand, the coverage ratio rose 115 basis points in the quarter placing at 85%. – Customer deposits grew by 2.0% compared to the end of 2024, mainly thanks to the growth of time deposits (+5.6%) and, to a lesser extent, to the increase of off-balance sheet funds (+2.0%). In the second quarter, demand deposits grew by 5.0% and offset the flat evolution of time deposits and off-balance sheet funds over the same time period. – The cumulative net attributable profit at the end of June 2025 stood at 73 million euros, 40.1% higher than at the end of the same period of the previous year, favored by the evolution of the net interest income, a more efficient management of expenses, and particularly a lower level of provisions for impairment of financial assets associated with the lower requirements of the retail portfolio as a result of lower entries into NPLs. Finally, the cost of risk fell 13 basis points in the quarter to 2.42%. The net