Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 41

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 41
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 end customers,and offer greater profitability, while being the most competitive player in the industry.                                                                                                                      
 →Loans increased 4% year-on-year in constant euros, +6% in auto,in a market that is picking up from a weak start in January 2025.Deposits rose 12% in constant euros,supported by Openbank and in line with our strategy aimed at lowering funding costs and reducing net interest income volatility across the cycle. 
 →Attributable profit reached EUR 492 million in Q1 2025, a 6% increase year-on-year in euros(+6% also in constant euros), supported by a solid performance in net interest income and good cost control.                                                                                                               |     |                                |     |            |

Strategy

Digital Consumer Bank (Consumer) is a leading consumer finance company globally. It operates in 26 countries in Europe and the Americas and serves the financing needs at the point of sale (both physical and digital) of 26 million customers. It combines three interconnected businesses: auto financing, consumer lending and Openbank. Our vision for Consumer is to become the preferred choice of our partners and end customers and offer greater profitability and value creation to our shareholders, while being the most cost competitive player in the industry. To respond to the changing mobility and consumer finance ecosystem and deliver on our vision, we are transforming our operating model by focusing on our strategic priorities: • Converge towards global platforms. We continue to expand the functionalities of our auto leasing platform and foster growth in Zinia, our check-out lending technology, for example through new agreements with Amazon and Apple. Additionally, in Europe, we have moved from one platform per country to three in total, progressing in our final goal of having one common platform. • Grow and consolidate partnerships. We offer global and best-in-class solutions, integrated into our partners' (OEMs, importers and retailers) processes, accompanying them as their increasingly digital business models evolve. We are improving cross-regional partnerships and consolidating new ones, by leveraging existing agreements in our consumer finance business and in Openbank. • Promote the network effect. We are aligning the business with the Group’s operating model and becoming more agile through the simplification and automatization of processes to improve customer experience and increase scalability. In Q1 2025, we made progress in our strategic priorities: • In Auto , we continued to improve our sales and post-sales digital capabilities, further developed our leasing platform, pursued commercial opportunities and continued to manage agreements globally, having recently signed