Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 8
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% -13bps Efficiency 39.4% +0.2pp Profit €3,687mn +14% RoTE post-AT1 17.2% +0.2pp Loans €599bn -1% 3,104 2,947 3,039 3,298 3,075 3,113 Q1'24 Q2 Q3 Q4 Q1'25 Q2 77.2 80.0 Jun-24 Jun-25 -42%+4%+2% +2% 7,625 7,831 7,841 8,108 7,807 7,903 Q1'24 Q2 Q3 Q4 Q1'25 Q2 • ONE Transformation is delivering solid results as reflected in fee growth (+8%), digital sales (+16%) and higher RoTE (17.2%) • Loan performance reflecting our focus on profitability. Generalized growth in deposits, supported by stronger transactionality as we improve customer engagement • Strong profit increase driven by revenue growth (both NII and fees), cost control and enhanced credit quality In real terms -1% -14% 605 517 Jun-24 Jun-25 7.8 4.5 Jun-24 Jun-25
11 • We continue to enhance Openbank’s value proposition since its recent launch in the US, Mexico and Germany • Loans up, driven by auto. Strong deposit growth, both in DCBE and DCB US, is helping us to lower funding costs • Profit +16% QoQ, boosted by NII (+4%, margin management), fees (auto servicing in the US), with good underlying LLP trends in the US, model updates in Brazil and portfolio sales, while costs remained flat H1’25 FINANCIALS Note: data and YoY changes in constant euros. ANEAs: average net earning assets, including renting. Consumer: strong profit growth in the quarter and successful deposit gathering Retail deposit cost-to-serve (%) Operating expenses / ANEAs (%) KEY DRIVERSOperational leverage (€ bn) CostsRevenue Loan-to-deposit ratio (%) Optimized funding structure Total customers (mn) Loans €211bn +2% Deposits €130bn +10% Efficiency 41.5% +0.9pp Profit €1,042mn -1% RoTE post-AT1 10.4% -1.5pp CoR 2.09% -8bps +2% +3%