Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 51

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 51
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% year-on-year in constant euros, as growth in Europe was more than offset by a decline in the US, due to the wind down of business through our relationship with Stellantis, lower demand for electric vehicles and our strategy to prioritize profitability over volumes. In terms of liabilities, our access to wholesale funding markets remained strong and diversified. Customer deposits, excluding repos and in constant euros, rose 10% year-on-year (increasing at a similar pace in both DCB Europe and the US), in line with our deposit gathering strategy, supported by Openbank. They now account for 62% of Consumer's total funding (4.5 pp more than a year ago). Including mutual funds, customer funds rose 11% in constant euros.

| Consumer. Business.June 2025                   |     |     |     |     |     |     |     |      |
| EUR billion and YoY % change in constant euros |     |     |     |     |     |     |     |      |
|                                                |     | 211 |     | +2% |     | 138 |     | +11% |

| DCB Europe |
| DCB US     |

| DCB Europe |
| DCB US     |

| Gross loans and advances to customers excl. reverse repos |     | Customer deposits excl. 
 repos + mutual funds    |

| Consumer. Leasing portfolio.June 2025          |     |    |     |      |
| EUR billion and YoY % change in constant euros |     |    |     |      |
| Total leasing                                  |     | 15 |     | -10% |

Results In H1 2025, attributable profit reached EUR 1,042 million, 3% lower than in H1 2024. In constant euros, profit declined 1%, as double-digit growth in profit before tax (+11%) was offset by a greater tax burden. By line and in constant euros: • Total income grew 2%, driven by net interest income, which rose 5%, backed by notable increases across our footprint, with Europe and Latin America supported by our efforts in margin management, volumes growth and CrediScotia's integration in Peru. In the US, higher yields more than offset lower volumes.

Net fee income decreased 6%, even with strong growth in the US (auto servicing fees), mainly due to DCBE, which was impacted by new insurance regulation in Germany and the drop in new car registrations in the EU. Gains on