Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 15

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 15
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 QoQ − In Spain, CoR improved YoY, with good underlying trends and favoured by portfolio sales − The UK’s CoR dropped YoY, remaining at very low levels − Brazil improved YoY. Slight deterioration QoQ in a context of higher interest rates and inflation − Mexico’s CoR improved significantly YoY and QoQ with better credit quality in mortgages and corporates • In Consumer, which represents c.35% of Group LLPs, CoR was stable YoY at 2.14% and better QoQ. Of note, DCB US improvement both YoY and QoQ DETAIL BY BUSINESS Mar-24 Dec-24 Mar-25 NPL ratio 3.10% 3.05% 2.99% Coverage ratio 66% 65% 66% Stage 1 €1,007bn €1,002bn €1,012bn Stage 2 €83bn €88bn €87bn Stage 3 €36bn €35bn €35bn LLPs AND CREDIT QUALITY 1.20% 1.21% 1.18% 1.15% 1.14% +7% Constant € mn OTHER CREDIT QUALITY METRICS

23 12.9 -0.27 -0.08 12.8 +0.33 +0.12 Dec-24 Organic generation Shareholder remuneration Regulatory & Models Markets & others Mar-25 2 Strong organic capital generation, with profitable front-book growth at 22% RoTE CET1 % Mar-25 or estimates Front book pricing RoRWA of new book Asset rotation and risk transfer activities RWAs mobilized vs. credit RWAs % RWAs with RoRWA > CoE Note: Mar-25 ratio on a phased-in ratio are calculated in accordance with the transitory treatment of the CRR. (1) Dec-24 ratio on a fully-loaded basis (as published in the Q4 2024 Financial Report), excluding the transitory treatment of IFRS 9 and the CRR2. (2) Our current ordinary shareholder remuneration policy is to distribute approximately 50% of Group reported profit (excluding non-cash, non-capital ratios impact items), divided approximately equally between cash dividends and share buybacks. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. CET1 PERFORMANCE AND CAPITAL PRODUCTIVITY MAXIMIZE CAPITAL PRODUCTIVITY 2.8% 20