Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 57

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 57
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 the increase in insurance premiums, attributable in part to the higher insurance sales, partially offset by the depreciation of the Mexican peso against the euro. At constant exchange rates, there was a 21.4% increase in net income and expense on insurance and reinsurance contracts.

#### Administration costs
Administration costs of this operating segment for the six months ended June 30, 2025 were €2,031 million, a 5.5% decrease compared with the €2,150 million recorded for the six months ended June 30, 2024, mainly as a result of the depreciation of the Mexican peso against the euro, partially offset by the higher salaries and the higher general expenses related mainly to IT. At constant exchange rates, there was an 11.4% increase in administration costs.

#### Depreciation and amortization
Depreciation and amortization for the six months ended June 30, 2025 was €216 million, a 14.7% decrease compared with the €253 million recorded for the six months ended June 30, 2024, mainly due to the depreciation of the Mexican peso against the euro. At constant exchange rates, there was a 0.6% 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 six months ended June 30, 2025 was a €1,486 million expense, a 4.3% decrease compared with the €1,553 million expense recorded for the six months ended June 30, 2024, mainly due to the depreciation of the Mexican peso against the euro, partially offset by higher credit impairment requirements, in particular, in the retail portfolio as a result of the worsening of the macroeconomic scenario in Mexico (see “—Factors Affecting the Comparability of our Results of Operations and Financial Condition—Operating Environment ”), as well as higher credit impairment requirements related to increases in the volume of mortgage and consumer loans, driven by the increase in the volume of such loans. At constant exchange rates, there was a 12.8% increase in impairment or reversal of 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