Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 45

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 45
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 to expand the functionalities of our auto leasing platform and foster growth in Zinia, our check-out lending technology, by embracing new technologies, pursuing new agreements and extending existing ones across regions. • Grow and consolidate partnerships and acquisitions. To retain and consolidate our leadership in mobility financing, we offer global and best-in-class solutions, integrated into our partners' (OEMs, importers and retailers) processes. We continue to work on improving cross-regional partnerships and consolidating new ones, by leveraging existing agreements across our consumer finance and auto businesses and in Openbank. • Promote the network effect. We are aligning the business with the Group’s operating model and becoming more agile, by leveraging AI-driven tools to simplify and automate processes and boost productivity, in order to reduce time to market, increase scalability and improve customer experience. In Q3 2025, we made progress in these strategic priorities, as we advanced in the following initiatives: • In mobility finance , we continued to enhance our digital sales and post-sales capabilities and further developed our leasing platform, now available in Spain, Italy and Germany, with features such as an online direct sales channel. At the same time, we continued to pursue commercial opportunities and manage agreements globally, including partnerships with new entrants in Europe.

In the US, we remained focused on our pricing discipline and capital stewardship to drive profitable growth across the full credit spectrum. In Latin America, we remained #1 in new vehicle financing across our footprint as we continued to focus on developing strategic alliances and new products to further strengthen our franchise. • In consumer lending, Zinia continued to leverage strong partnerships. We achieved record volumes during Amazon Prime Days and introduced instalment payments as an alternative for Amazon customers in Spain, further expanding our embedded finance offering. We also furthered the integration of CrediScotia in Peru. • As part of our profitable growth strategy we continued to: i) boost customer deposits, with more than EUR 4 billion captured year-on-year, on the back of targeted campaigns and the recent successful Openbank launches in the US, Mexico and Germany; and ii) actively manage our balance sheet to optimize capital. In Openbank , we continued to upgrade our customer proposition, fund asset growth and capture synergies. As a result: i) in the US, we maintained solid trends in both new customers and deposits captured, with a strong performance from our partnership with Verizon; ii) in Mexico, we delivered outstanding results, reaching more than 300,000 new customers since its launch in Q1