Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 54

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 54
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 is applied, the end of period exchange rate as of December 31, 2024 is used. These rates, together with changes at current exchange rates, can be found in the attached tables of financial statements and relevant business indicators. When making comments referring to Europe in this area, Spain is excluded.

#### Activity
The most relevant aspects related to the area's activity in 2024 were:

– Loan balances increased significantly compared to the end of 2023 (+22.8%), mainly as a result of the favorable development of the Investment Banking & Finance business, with relevant Project Finance and Corporate Lending operations. By geographical areas, the contribution from Europe, the New York branch and Mexico were particularly noteworthy.

– Customer funds grew by 23.7% in 2024, due to the increase in volumes in an environment of competitive prices. The performance by geographical areas was uneven and the evolution of the balances deposited in the branches in Europe and New York was outstanding.

The most relevant aspects related to the area's activity in the fourth quarter of 2024 were:

– The lending activity recorded a new rise (+9.7% higher than at the end of September). During 2024 loans grew steadily quarter after quarter and were close to €90 billion at the end of December. The growth was particularly strong in Europe and, to a lesser extent, in the New York branch.

– The customer funds grew during the last quarter of the year (+11.5%) mainly due to the evolution in Europe, with specific campaigns to attract checking accounts.

#### Results
CIB generated a net attributable profit of €2,781m in 2024. These results represent an increase of 29.6% on a year-on-year basis and reflect the contribution of the diversification of products and geographical areas, as well as the progress of the Group's wholesale businesses in its strategy, leveraged on globality and sustainability, with the purpose of being relevant to its clients 16 .

All the business divisions achieved good results, particularly Investment Banking & Finance (IB&F) with an excellent evolution of net interest income in all geographical areas, supported by higher lending volumes and better prices, the contribution of Global Markets supported by the reactivation of commercial activity and Global Transaction Banking (GTB) which consolidated its positive trend, particularly in Mexico, Turkey and the United States.

The most relevant aspects of the year-on-year income statement evolution of this aggregate as of end of December 2024 are summarized below:

– Net interest income for the quarter was