Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 869

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 869
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 certain exposures from the total exposure measure: public loans when exceptional circumstances arise, public loans, transfer loans and officially guaranteed export credits, transfer loans and officially guaranteed export credits.

| EUR million     |     |           |      |     |           |      |     |           |      |
|                 |     |           | 2024 |     |           | 2023 |     |           | 2022 |
| Leverage        |     |           |      |     |           |      |     |           |      |
| Level 1 Capital |     |    90,170 |      |     |    85,742 |      |     |    83,033 |      |
| Exposure        |     | 1,885,572 |      |     | 1,826,922 |      |     | 1,750,626 |      |
| Leverage Ratio  |     |      4.78 |    % |     |      4.69 |    % |     |      4.74 |    % |

Global systemically important banks Grupo Santander is one of 29banks designated as global systemically important banks (G-SIBs). The designation as a globally systemic entity comes from a measurement established by the regulators (FSB and BCBS) that they have implemented based on fiveindicators (size, interjurisdictional activity, interconnection with other financial entities, substitutability and complexity). The application methodology has been modified in December 2021, incorporating, among other things, an additional score considering the Member States of the SRM as a single jurisdiction. This definition means it has to fulfil certain additional requirements, which consist mainly of a capital buffer ( 1%), in TLAC requirements (total loss absorbing capacity), that Grupo Santander has to publish relevant information more frequently than other banks, greater regulatory requirements for internal control bodies, special supervision and drawing up of special reports to be submitted to supervisors. Additionally, Grupo Santander appears both on the list of global systemic entities and on the list of domestic systemic entities. Bank of Spain, based on rule 23 of Circular 2/2016, requires the application of the highest of the twocorresponding buffers, in the case of Grupo Santander being the domestic one, 1.25%, a surcharge payable by 2025. The fact that Grupo Santander has to comply with these requirements makes it a more solid bank than its domestic rivals.

Annual report 2024