Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000020
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 45
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 portfolios and other off-balance sheet funds.         |     |          |     |      |     |         |     |              |

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

| 48 |

Unless expressly stated otherwise, all the comments below on rates of change, for both activity and results, will be given at constant exchange rates. For the conversion of these figures in those countries in which accounting for hyperinflation is applied, the end of period exchange rate as of March 31, 2025 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 the first quarter of 2025 were:

– Lending stood at the end of March 2025, 4.6% above the balance at December 31,2024, continuing the upward trend shown in recent quarters. It was observed a particularly strong growth both in transactional business and in Investment Banking & Finance (IB&F). Spain, the United States and Mexico drove this growth, with outstanding operations in project finance and corporate lending.

– Customer funds grew by +7.1% during the first quarter of the year 2025, with good performance in almost all geographical areas.

#### Results
CIB generated a net attributable profit of €828m in the first three months of 2025, up 41.5% year-on-year, reflecting the strength of the Group's wholesale businesses, with the aim of offering a value proposition focused on the needs of its customers 17 .

All business divisions posted double-digit revenue growth: Global Markets, supported by the good performance of equities and currencies; Global Transaction Banking (GTB), thanks to the positive evolution of recurring revenues, mainly net interest income; and an excellent quarter in IB&F, with unique operations in fees and commissions and good performance of net interest income.

The most relevant aspects of the year-on-year income statement evolution of this aggregate as of end of March 2025 are summarized below:

– Net interest income grew by 40.3%, thanks to the growth of the portfolio and an adequate price management. By geographical areas, Mexico and Turkey show a stronger growth, as well as Rest of Business.

– Net fees and commissions grew by 20.7%, especially in the primary debt market