Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 19

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 19
---
666 million, a 0.6% decrease compared with the €49,983 million recorded as of December 31, 2024. Within this heading, loans and advances to customers of this operating segment as of June 30, 2025 amounted to €46,501 million, a 0.7% decrease compared with the €46,846 million recorded as of December 31, 2024, mainly as a result of the depreciation of the Argentine peso, the Peruvian sol and the Colombian peso against the euro and decreases in commercial loans in Peru, partially offset by the increase in loans to enterprises and households in Argentina.

Financial liabilities held for trading and designated at fair value through profit or loss of this operating segment as of June 30, 2025 amounted to €1,822 million, an 11.5% decrease compared with the €2,060 million recorded as of December 31, 2024, mainly due to the decrease in deposits recorded as “Financial liabilities held for trading” in Colombia, as a result, in part, of a gradual reduction in interest rates, which may have led investors to shift their funds toward higher-yielding financial instruments, a decrease in repurchase agreements in Colombia and the depreciation of the Argentine peso, the Peruvian sol and the Colombian peso against the euro.

<div align='center'>13</div>

Customer deposits at amortized cost of this operating segment as of June 30, 2025 amounted to €48,464 million, a 4.5% decrease compared with the €50,738 million recorded as of December 31, 2024, mainly as a result of the depreciation of each of the Argentine peso, the Peruvian sol and the Colombian peso against the euro, partially offset by an increase in time deposits, particularly in Argentina within the context of a high interest rate environment (although central banks in South America have started to reduce interest reference rates).

Off-balance sheet funds of this operating segment (which includes “Mutual funds”, including customers’ portfolios in Colombia and Peru) as of June 30, 2025 amounted to €7,830 million, a 1.3% decrease compared with the €7,936 million as of December 31, 2024, mainly due to depreciation of the Argentine peso, the Peruvian sol and the Colombian peso against the euro, partially offset by increases in mutual funds in Argentina as a result of the shift towards higher-return investments.

The non-performing loan ratio (as defined herein