Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 9

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 9
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 has a Corporate Center which includes those items that have not been allocated to an operating segment. It includes the Group’s general management functions, including costs from central units that have a corporate function; management of structural exchange rate positions carried out by the Assets & Liabilities Management unit (“ ALCO ”), including currency hedging; certain proprietary portfolios; certain tax assets and liabilities; certain provisions related to commitments with employees; and goodwill and other intangibles, as well as the financing of such asset portfolios. It also includes the results of the Group’s stake in the venture capital fund Propel Venture Partners.

Following the publication of the Consolidated Financial Statements, certain immaterial balance sheet amounts related to specific activities undertaken by the business units were reallocated between the operating segments and the Corporate Center. As a result, certain expenses were reallocated, in particular, between Spain, Rest of Business and the Corporate Center. In order to make the segment information as of December 31, 2024 and for the six months ended June 30, 2024 included herein comparable with the segment information as of and for the six months ended June 30, 2025, segment information as of December 31, 2024 and for the six months ended June 30, 2024 included herein has been revised in conformity with these intra-group adjustments. These intra-group adjustments had no impact at the consolidated level.

The breakdown of the Group’s total assets by each of BBVA’s operating segments and the Corporate Center as of June 30, 2025 and December 31, 2024 was as follows:

|                                      |     | As of June 30, 2025   |     |         | As of December 31, 2024 |     |         |
|:-------------------------------------|:----|:----------------------|:----|--------:|:------------------------|:----|--------:|
|                                      |     | -In Millions of Euros |     |         |                         |     |         |
| Spain                                |     |                       |     | 419,097 |                         |     | 411,620 |
| Mexico                               |     |                       |     | 165,647 |                         |     | 168,470 |
| Turkey                               |     |                       |     |  82,482 |                         |     |  82,782 |
| South America                        |     |                       |     |  70,616 |                         |     |  73,997 |
| Rest of Business                     |