Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 38

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 38
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 fees and commissions
Net fees and commissions of this operating segment for the nine months ended September 30, 2025 amounted to €1,743 million, a 4.2% increase compared with the €1,673 million recorded for the nine months ended September 30, 2024, mainly due to the increase in the volume of asset management activities and, to a lesser extent, increases in the volume of credit card loans.

Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net gains on financial assets and liabilities and Exchange differences, net, of this operating segment for the nine months ended September 30, 2025 was a net gain of €536 million, an 11.2% decrease compared with the €604 million net gain recorded for the nine months ended September 30, 2024, mainly due to th e lower gains from the Global Markets unit.

#### Other operating income and expense, net
Other operating income and expense, net of this operating segment for the nine months ended September 30, 2025 amounted to a €10 million expense, a 96.6% decrease compared with the €294 million expense recorded for the nine months ended September 30, 2024. Other operating expense for the nine months ended September 30, 2024 included the impact of the temporary tax on credit institutions and financial credit establishments in Spain amounting to €285 million (which was paid in 2024), whereas the nine-month period accrual of the Interest Margin and Commission Tax was recorded under “Tax expense or income related to profit or loss from continuing operations” for the nine months ended September 30, 2025.

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Income and expense on insurance and reinsurance contracts

Net income on insurance and reinsurance contracts of this operating segment for the nine months ended September 30, 2025 was € 299 million, a 3.7% increase compared with the €288 million income recorded for the nine months ended September 30, 2024.

#### Administration costs
Administration costs of this operating segment for the nine months ended September 30, 2025 amounted to €2,135 million, a 2.3% decrease compared with the €2,186 million recorded for the nine months ended September 30, 2024, mainly as a result of the lower expense corresponding to the value added tax in Banco Bilbao Vizcaya Argentaria, S.A., following the upward