Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 12

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 12
---
 Banking
: responsible for business with large corporations and multinational groups and the trading floor and distribution business in Spain; and

• Other units: which includes the insurance business unit in Spain (BBVA Seguros) as well as the Group’s shareholding in Compañía de Seguros y Reaseguros, S.A., the Asset Management unit (which manages Spanish mutual funds and pension funds), lending to real estate developers and foreclosed real estate assets in Spain, as well as certain proprietary portfolios and certain funding and structural interest-rate positions of the euro balance sheet which are not included in the Corporate Center.

Cash, cash balances at central banks and other demand deposits amounted to €18,645 million as of September 30, 2025, a 46.4% increase compared with the €12,734 million recorded as of December 31, 2024, mainly driven by the narrowing of the credit gap (as loans increased less than deposits), the increase in cash balances held at the European Central Bank (“

#### ECB
”) through repurchase agreements and, to a lesser extent, the proceeds of debt issuances completed during the nine months ended September 30, 2025.

Financial assets at fair value of this operating segment (which includes the following portfolios: “Financial assets held for trading”, “Non-trading financial assets mandatorily at fair value through profit or loss”, “Financial assets designated at fair value through profit or loss” and “Financial assets at fair value through other comprehensive income”) amounted to €112,794 million as of September 30, 2025, a 2.9% increase from the €109,569 million recorded as of December 31, 2024, mainly as a result of the increase in holdings of sovereign debt securities of European countries and equity instruments, respectively, partially offset by the decrease in derivatives recorded under “Financial assets held for trading”, as a result of a portfolio reallocation within a low interest rate environment, amid reduced market volatility.

Financial assets at amortized cost of this operating segment as of September 30, 2025 amounted to €254,126 million, a 7.1% increase compared with the €237,279 million recorded as of December 31, 2024. Within this heading, loans and advances to customers amounted to €188,504 million as of September 30, 2025, a 4.9% increase compared with the €179,667 million recorded as of December 31, 2024, mainly