Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 46

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 46
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, in line with Group’s initiative to expand our global platforms and strengthen the support functions to foster business growth, team specialization and synergies.

We are improving our Originate-to-Share (OtS) model, with focus on capital efficiency, active management and profitability.

| Recent awards                    |     |                                                               |     | Ranking in League Tables Q1 2025 |     |                      |     |            |
| Latin Finance                    |     | Global Capital                                                |     | Structured Finance               |     | Debt Capital Markets |     |            |
| Bond House of the Year           |     | SRT Bank of the Year Europe                                   
 Best Arranger of Project Finance Loans                        |     |                                  |     |                      |     |            |
| IJGlobal                         |     | Global Finance                                                |     | Equity Capital Markets           |     | M&A                  |     | ECAs(2024) |
| Market Impact Award in Latam     
 Power Deal of the Year in Europe |     | World’s Best Customer Implementation for 2025 in Supply Chain |     |                                  |     |                      |     |            |

| January - March2025 |     | 37 |

| Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |

Business performance

We remain focused on our capital-light activity and actively managing our balance sheet. As a result, our total revenue to risk-weighted assets ratio improved 1 pp year-on-year up to 8.1%. Customer loans, although concentrated in our Global Transaction Banking (GTB) and GB businesses, increased 10% year-on-year, supported by the good performance in Global Markets (GM). In gross terms, excluding reverse repos and in constant euros, they increased 4%. Customer deposits rose 7% year-on-year. Excluding repos and in constant euros, they decreased 4%, in line with our strategy to reduce excess corporate deposits. By business line, we had the following performance: • Global Transaction Banking recorded good activity levels in a challenging business environment: In Trade & Working Capital Solutions, activity continued accelerating through the expansion into new segments and developing partnerships with major private equity and private credit funds as well as asset managers (e.g. with Pemberton). In Export Finance, activity was lower compared to the strong Q1 2024. We continued to leverage our strong capabilities in the coordination of important financing operations, especially in the shipping, defense