Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 18

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 18
---
,681 7.3 4.1 Total revenue 8,242 4.3 32,461 11.0 9.1 Operating expenses -3,352 8.5 -12,877 2.5 0.4 Net operating income 4,890 1.6 19,584 17.4 15.7 LLPs -1,388 2.8 -5,845 -7.3 -10.6 Attributable profit 1,932 -3.2 7,263 28.8 28.3 (*) € mn and % change in constant euros. (1) % change in current euros. €609bn -1% €650bn +3% €98bn +19% 39.7% -3.4pp 0.92% -10bps 18.9% +3.7pp

39 Retail Spain Retail UK Note: Dec-24 data and YoY changes (loans, deposits and mutual funds in constant euros). • Loans down YoY as a result of our focus on profitability. Deposits and mutual funds impacted by a competitive environment • PBT affected YoY by higher cost of deposits and lower volumes, as well as higher costs (competitive labour market), partially offset by excellent LLP performance (macro outlook) • PBT affected QoQ by the bank levy and higher costs (seasonality), partially offset by NII growth (lower cost of deposits) and LLP releases Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency Loans Deposits Mutual Funds Yield on loans Cost of deposits Efficiency €155bn -3% €222bn +4% €44bn +15% 4.03% +65bps 0.71% +27bps 32.8% -6.3pp €230bn -4% €212bn -5% €6bn -1% 3.99% +70bps 2.11% +56bps 56.4% +6.8pp Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 1,236 2.5 4,672 -7.0 -4.4 Net fee income -12 — -21 — — Total revenue 1,204 -0.9 4,630 -8.8 -6.3 Operating expenses -678 5.1 -2,