Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 74

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 74
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 |     |   428 |           |     |   8,405 |             |     |        | 4.80 |   |     |   119 |           |     |   2,485 |             |

Numerator: underlying allowances for loan-loss provisions over the last 12 months.

Denominator: average loans and advances to customers over the last 12 months.
PagoNxt's cost of risk is not provided as we do not consider it a relevant metric for this type of business.

Other indicators

The Group has a series of additional financial metrics which facilitate analysis of the underlying business trends and performance. It also has another set of sustainability indicators which enables us to track the progress of our Sustainability objectives.

| Ratio                                                     |     | Formula                                                                                                                                                |     | Relevance of the metric                                                                                                                                                                                                                                                                                  |
| TNAV per share                                            |     | Tangible book value1                                                                                                                                   |     | This is a very commonly used ratio used to measure the company's accounting value per share having deducted the intangible assets. It is useful in evaluating the amount each shareholder would receive if the company were to enter into liquidation and had to sell all the company's tangible assets. |
| (Tangible net asset value per share)                      |     | Number of shares excluding treasury stock                                                                                                              |     |                                                                                                                                                                                                                                                                                                          |
| Price / tangible book value per share (X)                 |     | Share price                                                                                                                                            |     | This is one of the most commonly used ratios by market participants for the valuation of listed companies both in absolute terms and relative to other entities. This ratio measures the relationship between the price paid for a company and its accounting equity value.                              |
|                                                           |     | TNAV per share                                                                                                                                         |     |                                                                                                                                                                                                                                                                                                          |
| LTD ratio2                                                |     | Net loans and advances to customers                                                                                                                    |     | This is an indicator of the bank's liquidity. It measures the total loans and advances to customers net of loan-loss provisions as a percentage of customer deposits.                                                                                                                                    |
| (Loan-to-deposit)                                         |     | Customer deposits                                                                                                                                      |     |                                                                                                                                                                                                                                                                                                          |
| Loans and advances (excl. reverse repos)2                 |     | Gross loans and advances to customers excluding reverse repos                                                                                          |     | In order to aid analysis of the commercial banking activity, reverse repos are excluded as they are highly volatile treasury products.                                                                                                                                                                   |
| Deposits (excl. repos)2                                   |     | Customer deposits excluding repos