Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 27

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 27
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ilient customer behaviour, used car prices stable at high levels, and capital optimization initiatives) • In the quarter, PBT affected by LLP seasonality in Q3 and lower leasing income. NII up 3%, due to positive margin performance and balance sheet optimization, while maintaining costs flat

41 Corporate & Investment Banking Note: Sep-25 data and YoY changes (loans, deposits in constant euros). HIGHLIGHTSKEY DATA P&L Loans €142bn +5% Deposits €134bn +8% CoR 0.10% -11bps Efficiency 44.9% +0.6pp Underlying P&L* Q3'25 % Q2'25 9M'25 % 9M'24 % 9M'24¹ NII 982 -2.6 2,948 6.7 1.3 Net fee income 624 -1.4 1,977 7.4 4.5 Total revenue 2,020 -4.7 6,374 5.6 1.7 Operating expenses -957 1.7 -2,860 6.4 3.1 Net operating income 1,062 -9.9 3,514 5.0 0.6 LLPs -81 13.9 -167 9.2 7.9 Attributable profit 634 -12.6 2,168 10.3 5.7 (*) € mn and % change in constant euros. (1) % change in current euros. • Good progress in our strategy focused on fees and capital-light business through our GM and US BBO initiatives, supporting an enhanced value proposition and higher profitability while we maintain a leading position in efficiency • Good activity levels in 9M, on the back of a strong start to the year: - Global Transaction Banking (GTB): driven by Trade & Working Capital Solutions, boosted by new initiatives and expansion into new segments and partnerships - Global Banking (GB): in all countries, mainly in the US, and especially in our Debt Finance and Corporate Finance businesses - Global Markets (GM): positive performances in Europe and the US across most products, on the back of our strategic focus on institutional clients. South America also up driven by Brazil • Loans up YoY driven by GM, GB and Trade Finance (GTB). Deposits up with notable growth in Cash Management • Profit grew 10% YoY, driven by NII (+7%),