Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000103
Chunk: 24

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 24
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 comparisons are affected by the Poland disposal as, in accordance with IFRS 5 requirements and only as at 30 June 2025, the liabilities related to the Poland disposal are aggregated under the 'liabilities associated with non-current assets held for sale' line. The Group uses customer funds (customer deposits excluding repos, plus mutual funds) for the purpose of analysing traditional retail banking funds. We continue to analyse customer funds including Poland, i.e. maintaining the same perimeter that existed at the time of the announcement of the Poland disposal, thereby including Santander Poland's balances. As at end June 2025, they amounted to EUR 1,207,272 million. The comments below do not include the exchange rate impact (i.e. in constant euros), except for Argentina and any grouping which includes it. For further information, see the ' Alternative performance measures ' section in this report. Compared to March 2025, customer funds including Poland increased 1% in constant euros, with the following detail: • By product, customer deposits excluding repos rose 1%, with demand deposits rising (+1%) and time deposits decreasing (-1%). Positive momentum continued in mutual funds (+2%). • By business, customer funds grew in Retail (+2%), Consumer (+ 1%) and Wealth ( +1%), which more than offset the decreases in CIB (-4%) and Payments (-8%) . Compared to June 2024 , customer funds were 6% higher in constant euros: • By product, deposits excluding repos rose 4%, with growth in both demand (+4%) and time deposits (+3%). Widespread growth in mutual funds, increasing 17%. • By business, they rose 5% in Retail , driven by double-digit growth in time deposits and mutual funds. They grew strongly in Consumer (+ 11% ) and in line with our deposit gathering strategy. They rose 3% in CIB . In Wealth , they were up 10% driven by mutual funds (+ 14 %). By country, there were generalized increases except in the UK. As at end June 2025, customer funds (including Poland) maintained a diversified mix across our footprint, with presence in different countries in Europe (70% of Group's total customer funds), Latin America (22%) and the US (8%). The weight of demand deposits as a percentage of total customer funds was 56%, while time deposits accounted for 24% of the total and mutual funds for 20%.

| Customer funds                |
| EUR billion. Including