Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 56

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 56
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 mainly due to increases in personnel expenses in the branches located in New York and Europe due to new hires and investment in strategic projects, partially offset by the depreciation of the U.S. dollar against the euro. At constant exchange rates, there was a 26.8% increase in administration costs.

#### Depreciation and amortization
Depreciation and amortization for the nine months ended September 30, 2025 amounted to €28 million, a 27.5% increase compared with the €22 million recorded for the nine months ended September 30, 2024. At constant exchange rates, there was a 28.9% increase in depreciation and amortization.

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification of this operating segment for the nine months ended September 30, 2025 was a €47 million expense, a 28.1% increase compared with the €36 million expense recorded for the nine months ended September 30, 2024, mainly as a result of the higher credit impairment requirements in the corporate and investment banking loan portfolios in the United States, our broker-dealer in the United States, partially offset by the depreciation of the U.S. dollar against the euro. At constant exchange rates, there was a 27.7% increase in impairment on financial assets not measured at fair value through profit or loss or net gains by modification.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the nine months ended September 30, 2025 were an expense of €11 million compared with the €3 million expense recorded for the nine months ended September 30, 2024.

#### Operating profit / (loss) before tax
As a result of the foregoing, operating profit before tax of this operating segment for the nine months ended September 30, 2025 was €615 million, an 18.1% increase compared with the €520 million recorded for the nine months ended September 30, 2024. At constant exchange rates, there was a 20.5 % increase in operating profit before tax.

Tax expense or income related to profit or loss from continuing operations

Tax expense related to profit from continuing operations of this operating segment for the nine months ended September 30, 2025 was €134