Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 25

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 25
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 current euros. • Progressing in our priority to become the preferred choice of our partners and end customers, while being the most cost competitive player • Loans grew 2%, supported by auto lending, especially in Europe, in a market that is picking up after a weak start to the year, and in Latin America • Deposits rose 5%, up across our footprint, in line with our deposit gathering strategy, supported by Openbank, and our focus on lowering funding costs and reducing NII volatility across the cycle • Profit up 6% YoY, even after lower fiscal benefits linked to EVs, driven by a solid NII performance, better LLPs, lower CHF provisions and the temporary levy in Spain in 2024. By line: − NII up in almost all our countries, especially in Europe and LatAm driven by margin management, volumes and the CrediScotia integration − Fees affected by impact of the new insurance regulation in Germany − Costs rose 1% in real terms, supported by savings from our efficiency and transformation efforts, as we continued to invest in our platforms and Openbank, and after CrediScotia’s integration in Peru − LLPs improved with an excellent performance in auto in the US • NOI up 5% QoQ driven by NII (margin management) and fees (Brazil and DCBE), with controlled costs. Profit affected by higher LLPs (seasonality in the US) and higher minority interests, with lower CHF provisions New lending €61bn -9% RoTE post-AT1 10.4% -0.7pp

40Note: Sep-25 data and YoY changes (loans, deposits and mutual funds in constant euros). DCB Europe DCB US Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 1,132 3.3 3,482 3.4 0.6 Net fee income 86 -1.0 261 29.8 26.3 Total revenue 1,232 0.2 3,864 0.9 -1.8 Operating expenses -504 0.0 -1,598 1.6 -1.2 Net operating income 728 0.3 2,265 0.4 -2.3 LLPs -541 19.0 -1,531 -12.1 -14.4