Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 139

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 139
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 |     |      |   274,162 |
| Cash inflows - Total weighted value                                |     |      |    73,682 |     |      |    70,643 |
| Total net cash outflows (adjusted value)                           |     |      |   201,827 |     |      |   203,519 |
| Liquidity coverage ratio (%)                                       |     | 158% |           |     | 159% |           |
| Net Stable Funding Ratio                                           |     |      |           |     |      |           |
| Total available stable funding                                     |     |      | 1,198,180 |     |      | 1,139,711 |
| Total required stable funding                                      |     |      |   954,260 |     |      |   924,843 |
| NSFR ratio (%)                                                     |     | 126% |           |     | 123% |           |

9.1. Liquidity and funding risk Our structural liquidity management aims to optimize maturities and costs and to avoid undesired liquidity risks in funding Santander’s operations. It follows these principles: • Decentralized liquidity model. • Medium- and long-term (M/LT) funding needs must be covered by medium- and long-term instruments. • High contribution from customer deposits due to the retail nature of the balance sheet. • Wholesale funding sources diversified by instrument, investor, market, currency and maturity. • Limited use of short-term funding. • Sufficient liquidity reserves (including standing facilities/discount windows at central banks) to be used in adverse situations. • Group and subsidiary compliance with regulatory liquidity requirements.

The requirements of the EU LIQA table are addressed in the 'Economic and financial review' chapter of the 2024 Annual report.

| Access 2024 Annual Report available on the Santander Group website |

9.1.1. Liquidity Coverage Ratio (LCR) Description of the degree of centralisation of liquidity management and interaction among the Group's units. The Group has adopted a decentralised funding model through a structure of autonomous subsidiaries that are self-sufficient in terms of liquidity. Each subsidiary is responsible for covering the liquidity needs arising from its current and future business, either through deposits secured from its customers in its area of influence or through the wholesale markets in which it operates, within a management and supervision framework coordinated at the Group level. Therefore, each subsidiary manages and monitors its own LCR ratio, ensuring that it remains above the regulatory limits specifically