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

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 30
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30, 2025 compared to the net gain of €2,417 million recorded for the nine months ended September 30, 2024, mainly due to the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol, th e lower gains from the Global Markets unit in Spain, the lower gains from the ALCO portfolio in Argentina (due to increased volatility in the financial markets) and in the Corporate Center, partially offset by the sale of certain securities portfolios in Turkey and the higher gains from the Global Markets units in Colombia and Argentina.

Exchange differences, net

Exchange differences amounted to a €237 million loss for the nine months ended September 30, 2025 compared with a €513 million gain for the nine months ended September 30, 2024 mainly driven by negative exchange differences in Turkey and the Corporate Center.

Other operating income and other operating expense

Other operating income for the nine months ended September 30, 2025 increased by 11.2% to €497 million from €447 million recorded for the nine months ended September 30, 2024 mainly due t o higher sales of non-financial assets in Turkey, partially offset by the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

Other operating expense for the nine months ended September 30, 2025 amounted to €1,907 million, a 37.4% decrease compared with the €3,046 million recorded for the nine months ended September 30, 2024, mainly driven by the lower loss on the net monetary position resulting from the adjustment for hyperinflation in Argentina, which resulted in a monetary loss of €277 million in the nine months ended September 30, 2025, compared to the €1,178 million monetary loss recorded for the nine months ended September 30, 2024, the lower loss on the net monetary position resulting from the adjustment for hyperinflation in Turkey (€747 million and €1,179 million in the nine months ended September 30, 2025 and 2024, respectively) and, to a lesser extent, the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol. In addition, the period-on-period decrease was driven in part by the fact that the other operating expense for the nine months ended September 30, 2024 included the impact of the temporary tax on credit institutions and