Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 43

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 43
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 which we operate (+0.02 pp).

• A new systemic risk buffer (0.03 pp).

At year-end, the phased-in CET1 ratio was 12.8%, resulting in a CET1 management buffer of 313 bps. This shows our ability to generate capital organically, our solid position to be able to pay dividends and our strong capital management.

The total phased-in capital ratio was 17.4%. Taking into account the shortfall in AT1, Santander exceeded the 2024 minimum regulatory requirements (i.e. distance to the maximum distributable amount - MDA) by 297 bps.

48 2024 Pillar 3 Disclosures Report

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

| Regulatory Capital vs Regulatory requirement (Phased-in IFRS9) |

| Regulatory requirements |     |        |     |               |     |       |     |                                                       |     | Regulatory Ratios 2024 (phased-in) |     |        |
| n                       |     | T2     |     |               |     | 2.44% |     | n                                                     |     | T2                                 |     | 2.95%  |
| n                       |     | AT 1   |     |               |     | 1.83% |     | n                                                     |     | AT 1                               |     | 1.66%  |
| n                       |     | CET 1: |     |               |     | 9.65% |     | n                                                     |     | CET 1                              |     | 12.78% |
|                         |     | n      |     | Min. Pillar 1 |     | 4.50% |     |                                                       |     |                                    |     |        |
|                         |     | n      |     | Pillar 2 R    |     | 0.98% |     |                                                       |     |                                    |     |        |
|                         |     | n      |     | CCoBA         |     | 2.50% |     | A. Capital conservation buffer.                       |     |                                    |     |        |
|                         |     | n      |     | G-SIBB        |     | 1.25% |     | B. Global systemically important banks (G-SIB) buffer |     |                                    |