Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 107

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 107
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ET RISK                                                     |     |     |

2024 Pillar 3 Disclosures Report 179

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

| 7. MARKET RISK |

Market risk is the risk of value reduction of financial instruments arising from changes in market parameters, volatility of these parameters and the correlations between them. The following chapter provides information on the activities subject to market risk and market outcomes in 2024, distinguishing trading activity from structural risks. It also describes the methodologies and different metrics used in Grupo Santander.

| Main figures                    |     |        |     |      |     |        |
| Million euros                   |     |        |     |      |     |        |
| RWA                             |     |        |     |      |     |        |
| 2024                            |     |        |     | 2023 |     |        |
| Market risk                     |     | 17,946 |     |      |     | 16,454 |
| Of which, standardised approach |     | 10,693 |     |      |     |  9,166 |
| Of which, IMA                   |     |  7,253 |     |      |     |  7,288 |

| RWA by calculation approach |     | RWA by geography |
| %                           |     | %                |

| n |     | SA approach  |     | 60 | % |
| n |     | IMA approach |     | 40 | % |

| n |     | Spain                 |     | 70% |
| n |     | Rest of Europe        |     | 3%  |
| n |     | Brasil                |     | 12% |
| n |     | Rest of South America |     | 10% |
| n |     | United States         |     | 5%  |

#### 7.1. Activities subject to market risk
This section covers the qualitative requirement MRA - Qualitative disclosure requirements related to market risk and

MRB - Qualitative disclosure requirements for institutions using the internal Market Risk Models.

Also the provisions of letters (d), (e), (f) and (g) of the OVA requirement -Institution risk management approach, are complied with.

The measurement, control and monitoring perimeter of the Market Risk area includes all transactions where risk arises due to