Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 999

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 999
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     |                     |  11,341 |                  |     |  12,579 |                  |     |  13,971 |                  |
| Mexico         |     |                     |  29,768 |                  |     |  31,239 |                  |     |  29,389 |                  |
| Other          |     |                     |  14,527 |                  |     |  14,986 |                  |     |  14,336 |                  |
| TOTAL          |     |                     | 206,753 |                  |     | 212,764 |                  |     | 206,462 |                  |

The employee data presented in the table above is prepared according to the criteria of the legal entity where the employee works for. Such criteria is not comparable to that of the employee data included in 'Consolidated directors’ report - Economic and financial review- Section 4' in Part 1 of this annual report on Form 20-F which are prepared according to the Group’s management’s criteria. The table below shows our employees by type of business according to our primary reporting segments aligned with our new reporting structure from the first quarter 2024:

|                                |     | Number of        
 employees        |         |
|                                |     | 31 December 2024 |         |
| Retail & Commercial Banking    |     |                  | 131,628 |
| Digital Consumer Bank          |     |                  |  30,121 |
| Corporate & Investment Banking |     |                  |  13,347 |
| Wealth Management & Insurance  |     |                  |   7,245 |
| Payments                       |     |                  |  22,614 |
| Corporate Centre               |     |                  |   1,798 |
| Total                          |     |                  | 206,753 |

| 935 |

| Contents |     | Cross-reference to Form 20-F |     | Consolidated director's report |     | Consolidated financial statements |     | Supplemental information |

9. Competition

Competition in Spain

We face strong competition in all of our principal areas of operation from other banks, savings banks, credit co-operatives, brokerage services, on-line banks, insurance companies and other financial services firms.

#### Banks
At the end of September 2024 (most recent available information), Banco Bilbao Vizcaya Argentaria, Caixabank and Santander accounted for approximately 68.4% of loans and