Company: BBVXF
Filing Date: 2025-01-30
Form Type: 6-K
Source: 0000842180-25-000002
Chunk: 52

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-01-30
Form: 6-K
Chunk 52
---
 increased activity volumes and price management. This growth was mainly in Europe, followed by the New York branch.

– Net fees and commissions increased by 23.4%, mainly due to singular financing transactions in Investment Banking & Finance (hereinafter IB&F) and transactional banking fees.

– The NTI grew by 25.7% supported by the strong performance of Global Markets in Europe, especially in credit and in the Group's equity trading business in the United States.

– Increase in operating expenses of 24.8%, with growth mainly in the United States (originated in the New York branch) and in Europe due to the increase in headcount and the execution of strategic plans.

– The impairment on financial assets line at the end of December 2024 recorded a balance of €-71m, mainly originating from provisions made in Europe.

In the fourth quarter of 2024, and excluding the effect of the exchange rates fluctuations, the Group's Rest of Businesses as a whole generated a net attributable profit of €86m, that is -51.3% with respect to the previous quarter due to growth in operating expenses, which include the update of the variable compensation to employees in line with the area's performance in 2024 as well as higher loan-loss provisions due to increased coverage for certain specific customers, which compares with the release of provisions in the previous quarter.

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

| 49 |

#### Corporate Center
| FINANCIAL STATEMENTS (MILLIONS OF EUROS AND PERCENTAGE)                                   |     |        |     |       |     |          |
| Income statement                                                                          |     |   2024 |     |   ∆ % |     | 2023 ⁽¹⁾ |
| Net interest income                                                                       |     |   -546 |     |  41.3 |     |     -386 |
| Net fees and commissions                                                                  |     |    -36 |     | -18.0 |     |      -44 |
| Net trading income                                                                        |     |    122 |     |  n.s. |     |     -686 |
| Other operating income and expenses                                                       |     |     39 |     | -55.1 |     |       87 |
| Gross income                                                                              |     |   -421 |     | -59.1 |     |   -1,029 |
| Operating expenses                                                                        |     |   -776