Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 26

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 26
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 Strong growth in PBT YoY, driven by NII (auto loan yields), fees (servicing) and lower LLPs, which more than offset lower leasing income and investments in Openbank • Significant increase in PBT QoQ, supported by better LLP underlying performance and seasonality • Loans up 3% YoY, mainly driven by auto. Deposits rose 14%, in line with our customer deposit gathering strategy • PBT affected YoY by higher LLPs (macro and corporates in Germany) and lower fees (regulation in Germany), with good NII performance (margin management) and costs down 2% in real terms • PBT up QoQ with lower LLPs (CHF provisions) and resilient NII. QoQ comparison benefitted from the UK motor finance provision in Q4’24 Underlying P&L* Q1'25 % Q4'24 % Q1'24 % Q1'24¹ NII 1,112 0.3 1.5 1.6 Net fee income 188 -15.6 -14.7 -14.6 Total revenue 1,402 -2.0 -0.6 -0.5 Operating expenses -667 5.8 0.3 0.3 Net operating income 736 -8.2 -1.3 -1.3 LLPs -336 -2.9 21.8 21.7 Profit before tax 357 — -11.0 -11.0 (*) € mn and % change in constant euros. (1) % change in current euros.

43 KEY DATA Corporate & Investment Banking Note: Mar-25 data and YoY changes (loans, deposits in constant euros). P&L HIGHLIGHTS Loans €142bn +4% Deposits €134bn -4% CoR 0.08% -6bps Efficiency 42.9% +1.3pp RoTE post-AT1 21.6% +3.1pp • Good progress in our strategy focused on fee and capital-light business through our GM and GB initiatives, supporting an enhanced value proposition and higher profitability, while maintaining a leading position in efficiency • Good activity levels: - Global Transaction Banking (GTB), driven by Trade & Working Capital Solutions, boosted by our expansion into new segments - Global Banking (GB): activity growth in Corporate Finance and DCM, with lower credit activity levels (Syndicated Loans and Structured Finance) - Global Markets (