Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 52

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 52
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es) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.

(2) Not meaningful.

(3) Calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

#### Net interest income
Net interest income of this operating segment for the six months ended June 30, 2025 amounted to €3,230 million, a 1.5% increase compared with the €3,184 million recorded for the six months ended June 30, 2024, mainly as a result of the higher contribution from the securities portfolio and the lower funding costs in the wholesale portfolios, partially offset by the impact of interest rates cuts implemented by the ECB since the second half of 2024 on the consumer and household loan portfolios, which are mostly referenced to variable interest rates. The net interest margin over average total assets of this operating segment amounted to 1.53% for the six months ended June 30, 2025, compared with 1.46% for the six months ended June 30, 2024.

#### Net fees and commissions
Net fees and commissions of this operating segment for the six months ended June 30, 2025 amounted to €1,176 million, a 5.2% increase compared with the €1,119 million recorded for the six months ended June 30, 2024, mainly due to the increase in the volume of asset management activities and, to a lesser extent, credit card fees.

Net gains (losses) on financial assets and liabilities and Exchange differences, net

Net gains on financial assets and liabilities and exchange differences of this operating segment for the six months ended June 30, 2025 was a net gain of €401 million, a 5.9% increase compared with the €378 million net gain recorded for the six months ended June 30, 2024, mainly as a result of higher trading gains in the Global Markets unit, partially offset by lower sales from the ALCO portfolio.

#### Other operating income and expense