Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 110

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 110
---
 Other long term employee benefits

The variation experienced by the balance of the Pensions and other post-retirements obligations and other long-term employee benefits from 31 December 2024 to 30 June 2025, is mainly due to net provisions against equity for changes in financial assumptions and other experience adjustments, and also to benefit payments, premiums and contributions (see Note 11.d).

b) Provisions for taxes and other legal contingencies and Other provisions

Set forth below is the detail, by type of provision, of the balances at 30 June 2025 and at 31 December 2024 of Provisions for taxes and other legal contingencies and Other provisions. The types of provision were determined by grouping together items of a similar nature:

|                                                        |     | EUR million |       |     |            |       |
|                                                        |     | 30-06-2025  |       |     | 31-12-2024 |       |
| Provisions for taxes                                   |     |             |   760 |     |            |   727 |
| Provisions for employment-related proceedings (Brazil) |     |             |   533 |     |            |   458 |
| Provisions for other legal proceedings                 |     |             | 1,475 |     |            | 1,532 |
| Provision for customer remediation                     |     |             |   615 |     |            | 1,001 |
| Provision for restructuring                            |     |             |   619 |     |            |   589 |
| Other                                                  |     |             |   807 |     |            |   744 |
|                                                        |     |             | 4,809 |     |            | 5,051 |

Relevant information is set forth below in relation to each type of provision shown in the preceding table:

The provisions for taxes include provisions for tax-related proceedings.

The provisions for employment-related proceedings (Brazil) relate to claims filed by trade unions, associations, the prosecutor’s office and ex-employees claiming employment rights to which, in their view, they are entitled, particularly the payment of overtime and other employment rights, including litigation concerning retirement benefits. The number and nature of these proceedings, which are common for banks in Brazil, justify the classification of these provisions in a separate category or as a separate type from the rest. The Group calculates the provisions associated with these claims in accordance with past experience of payments made in relation to claims for similar items. When claims do