Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 146

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 146
---
 2. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS |     |  165 |
| ITEM 3. SELECTED FINANCIAL DATA                                   |     |  168 |
| ITEM 4. RISK FACTORS                                              |     |  173 |
| ITEM 5. INFORMATION ON THE COMPANY                                |     |  177 |
| Average balance sheets and interest rates                         |     |  177 |
| Other statistical disclosure requirements                         |     |  185 |
| ITEM 6. TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS             |     |  187 |
| ITEM 7. RISK DISCLOSURES                                          |     |  188 |
| ITEM 8. CORPORATE GOVERNANCE                                      |     |  203 |
| ITEM 9. OTHER DISCLOSURES                                         |     |  204 |

| 162 |     | January - June 2025 |

## ITEM 1. PRESENTATION OF FINANCIAL AND OTHER INFORMATION

#### Accounting principles
Under Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19 July 2002, all companies governed by the law of an EU Member State (a 'Member State') and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financial statements in conformity with the International Financial Reporting Standards previously adopted by the European Union ('EU-IFRS'). The Bank of Spain Circular 4/2004 of 22 December 2004 on Public and Confidential Financial Reporting Rules and Formats ('Circular 4/2004') required Spanish credit institutions to adapt their accounting systems to the principles derived from the adoption by the European Union of International Financial Reporting Standards. This Circular was repealed on 1 January 2018 by Bank of Spain Circular 4/2017, of 27 November 2017 on Public and Confidential Financial Reporting Rules and Formats ('Circular 4/2017'). Therefore, Grupo Santander (the 'Group' or 'Santander') is required to prepare its consolidated financial statements for the six-month period ended 30 June 2025 in conformity with EU-IFRS and Bank of Spain’s Circular 4/2017. Differences between EU-IFRS, Bank of Spain’s Circulars and International Financial Reporting Standards as issued by the International Accounting Standards Board ('IFRS-IASB') are not material. Therefore, we assert that the financial information contained