Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 7

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 7
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6% +11.6pp 50% 21% 14% 6% 9%

10 3,141 2,983 3,077 3,337 3,113 Q1'24 Q2 Q3 Q4 Q1'25 8.2 5.0 Mar-24 Mar-25 Q1’25 FINANCIALS Note: data and YoY changes in constant euros. (1) Metrics cover all products and employees in the branch network in our 10 main countries. Retail: another quarter of strong YoY profit growth on the back of efficiency gains and reduced CoR 

# of products1 (k) # of non-commercial FTEs1 per mn total customers Active customers (mn) • Our transformation is delivering solid results, as reflected in fee growth (+7%), efficiency improvement (-1pp to 39.4%) and higher RoTE (+2pp to 17.6%) • Loan performance in line with our strategic focus on profitability. Generalized increases in deposits and mutual funds as we strengthen our customer relationships • Strong profit increase, driven by revenue across most countries (NII excl. Argentina and fees), lower costs and better credit quality 76.0 79.5 Mar-24 Mar-25 -13% Deposits €644bn +2% CoR 0.91% -12bps Efficiency 39.4% -1.3pp Profit €1,902mn +28% RoTE post-AT1 17.6% +2.3pp Loans €608bn -1% KEY DRIVERS -40%+5% Operational leverage (€ mn) CostsRevenue +2% -1% 7,706 7,918 7,930 8,199 7,895 Q1'24 Q2 Q3 Q4 Q1'25
11 • Openbank launched in Mexico and Germany. In the US, new partnership with Verizon announced to boost growth • Loans up, driven by auto. Strong deposit growth, both in DCBE and DCB US, in line with our strategy to lower funding costs • Profit increased supported by good performance in DCB US (RoTE of 14.4%1) on the back of NII growth and LLP improvement (favourable payment rates, used car prices and lower unemployment) Q1’25 FINANCIALS Note: data and YoY changes in constant euros. ANEAs: average net earning assets, including renting.