Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 15

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 15
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 Consumer Retail and Consumer represent 70% of the Group’s total costs CIB Wealth CIB, Wealth and Payments represent 30% of the Group’s total costs Efficiency Total revenue Constant € mn Recurrency (% fees / costs) Note: data and YoY % changes in constant euros. Contribution to Group costs as a percentage of total operating areas, excluding the Corporate Centre. Costs in real terms are calculated in constant euros and excluding the impact from weighted average inflation. GROUP RETAIL AND CONSUMER Payments Costs Constant € mn Net fee income Constant € mn Costs Constant € mn Constant € mn Constant € mn Constant € mn +2% +2% +14% +6% +0% YoY in real terms -0% YoY in current euros 3,184 3,623 H1'24 H1'25 3,596 3,828 H1'24 H1'25 89.5% 94.6% 8,636 8,852 H1'24 H1'25 21,779 22,135 H1'24 H1'25 39.6% 40.0% 43.7% 42.8% 42.4% 41.8% 41.6% 41.8% +5% In real terms In real terms -1% +3%

22 Solid credit quality with improvement across most of our businesses Note: CoR - provisions to cover losses due to impairment of loans in the last 12 months / average customer loans and advances of the last 12 months. Data in constant euros. CoR, NPL, Coverage ratio and Stages in current euros. CoR 12 month LLPs • Credit quality improvement, backed by low unemployment rates in most countries and easing monetary policies • CoR down 7bps YoY, supported by most of our businesses • NPL ratio of 2.91%, better YoY and QoQ, as we execute our NPL reduction strategy. NPL coverage and stages improved CREDIT QUALITY • In Retail, which represents c.45% of Group LLPs, CoR improved both YoY and QoQ to 0.89%, with good performances across our main countries: − In Spain, CoR improved YoY with good underlying trends, in line with our active risk management to improve credit quality − The UK’s CoR was stable YoY, at very low levels − Brazil stable in a context of higher interest rates and inflation