Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 841

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 841
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, due to the proactive management of delinquent positions with the support of portfolio sales along with management of single names.

Support measures for those affected by the Dana The flash floods caused by the Dana on 29 October exceeded expectations, causing serious impacts, victims and material losses. From the outset, Santander took immediate measures to protect employees, customers and facilities, in addition to working closely with the authorities to adopt support measures. Management was regulated through the Group's Crisis Management Framework and a Dana Crisis Steering Committee was also created. RDL 6/2024 of 6 November included the Government's support measures for households, companies and the self-employed. i) Public guarantees of 80% for EUR 5 billion until the end of 2025 to cover losses in the affected area. ii) Moratoriums: capital and interest grace period for the first 3 months, plus an additional 9 months of capital grace period (for individuals and companies with income up to EUR 6 million). iii) Extension of the Code of Good Practices until December 2025. iv) Director support: to alleviate personal and material damage to equipment, homes, and industrial, commercial and service sites. In response to these measures, Santander Spain has worked on a response framework that pivots on four management domains according to client typology: companies, SMEs, self-employed and individuals. Real estate activity Santander has specialized teams that are in charge of managing real estate business production and risk areas that cover the entire life cycle of these operations.

The changes in gross property development loans to customers were as follows:

| EUR million                  |     |       |     |       |     |       |
|                              |     |  2024 |     |  2023 |     |  2022 |
| Balance at beginning of year |     | 2,433 |     | 2,327 |     | 2,625 |
| Foreclosed assets            |     |     — |     |    -1 |     |     — |
| Net variation                |     |   112 |     |   115 |     |  -295 |
| Written-off assets           |     |     — |     |    -8 |     |    -3 |
| Balance at end of year       |     | 2,545 |     | 2,433 |     | 2,327 |

Annual report 2024 800

| Contents |     | Auditor's report |     | Consolidated financial statements |