Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 41

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 41
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 attributable to parent company                                                                                                                         |     |                                   |     |   5,447 |      |     |   4,994 |      9.1 |
| Profit / (loss) attributable to non-controlling interests                                                                                                              |     |                                   |     |     351 |      |     |     261 |     34.5 |

(1) Comprises the following income statement line items contained in the Unaudited Condensed Interim Consolidated Financial Statements: “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net” and “Gains (losses) from hedge accounting, net”.

(2) Not meaningful.

(3) Calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

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The changes in our unaudited condensed interim consolidated income statements for the six months ended June 30, 2025 compared with the same period of 2024 were as follows:

Net interest income

Net interest income for the six months ended June 30, 2025 amounted to €12,607 million, a 3.0% decrease compared with the €12,993 million recorded for the six months ended June 30, 2024, mainly as a result of:

• the depreciation against the euro, in average terms, of the currencies of the main countries where the Group operates, except for the Peruvian sol; and

• the lower yield and volume in the public sector loan portfolio in the South America operating segment, particularly in Argentina, driven in part, with respect to the yield, by the decline in the monetary policy rate in Argentina.

The period-on-period decrease was partially offset by:

• the higher volume and yield of Turkish lira-denominated loans, supported—with respect to the volume growth—by the lessening of the loan reserve requirements in Turkey;

• increases in the volume of the mortgage and consumer loan portfolios and lower wholesale funding costs in Mexico; and

• the higher contribution from the securities portfolio and the lower funding costs in the wholesale portfolios in Spain.

Fee and