Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 39

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 39
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.5 %. The most relevant aspects related to the area’s activity in the second quarter of 2025 were: – Lending activity (performing loans under management) increased by 13.5%, mainly driven by the growth in Turkish lira loans (+10.6%, above the quarterly inflation rate, which stood at 6.0%). Within Turkish lira loans, credit cards and consumer loans continue to drive the growth, which grew at rates of 13.3% and 9.2%, respectively. Growth in foreign currency loans stood at 6.0%, favored by commercial loans. – In terms of asset quality, the NPL ratio increased by 23 basis points compared to the figure as of the end of March to 3.4%, mainly as a result of the increase in non-performing loans, both in the retail and the wholesale portfolios, partially offset by sales of impaired loans. On the other hand, the NPL coverage ratio recorded a decrease of 699 basis points in the quarter due to the release of certain customers and new additions to NPLs, to 86% as of June 30, 2025.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - June 2025Report - p.45 |

– Customer deposits increased by 4.0%, with growth in Turkish lira balances (+3.7%, driven by term deposits), and reduction in US dollar deposits (-5.7%). Additionally, off-balance sheet funds grew 24.2% in the quarter. Results Turkey generated a net attributable profit of € 412 m during the first half of 2025 , which compares very favorably with the result achieved in the first half of the previous year, as a result of the good performance of recurring revenues in banking business (net interest income and net fees and commissions) and a less negative hyperinflation impact. As mentioned above, the year-on-year comparison of the accumulated income statement at the end of June 2025 at current exchange rate is affected by the depreciation of the Turkish lira in the last year (-24.4%). To isolate this effect, the highlights of the results of the first half of 2025 at constant exchange rates are summarized below: – Net interest income grew year-on-year, mainly driven by the dynamism of lending activity and by the improvement of the Turkish lira customer spread. In addition, the central bank has increased the remuneration of