Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 35

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 35
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 funds €15bn +17% Efficiency 48.7% -1.7pp CoR 1.65% -30bps Loans €46bn +4% Deposits €42bn +6% Mutual funds €22bn +19% Efficiency 41.3% -0.6pp CoR 2.62% -6bps RoTE post-AT1 10.5% +2.9pp RoTE post-AT1 21.2% +2.2pp

49Note: Sep-25 data and YoY changes (loans, deposits and mutual funds in constant euros). BRAZIL • Loans flat YoY, reflecting our focus on active risk management and balance sheet optimization. Deposits up 2%, mainly driven by Retail • NOI up YoY with growth across all revenue lines and costs down 2% in real terms. Profit affected by higher LLPs impacted by volumes and model updates, in a challenging macro environment • Profit +20% QoQ. Strong performance in fees (insurance and advisory), costs (-1%), reflecting our transformation efforts, and better LLPs CHILE • Customers up 9% YoY, supporting loan growth across all global businesses. Deposits affected by a decline in time deposits in CIB • Strong profit growth YoY, boosted by NII (lower cost of funding) and fees (payments and mutual funds), with costs flat in real terms. LLPs increased in Retail as CoR normalizes • In the quarter, profit affected by the impact of a lower UF on NII and higher tax burden, with good performances in costs and LLPs Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 2,309 -2.1 7,049 1.6 -8.6 Net fee income 801 4.9 2,350 1.7 -8.5 Total revenue 3,096 -0.5 9,405 1.8 -8.4 Operating expenses -1,002 -0.9 -3,062 3.5 -6.9 Net operating income 2,095 -0.3 6,343 1.0 -9.1 LLPs -1,035 -8.6 -3,325 8.4 -2.5 Attributable profit 593 20.5 1,589 -