Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 843

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 843
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 |         |     |      — |         |     |  52,684 |       |
| CCC and below                            |     |      |         |     336 |     |        |   5,008 |     | 13,762 |         |     |  19,106 |       |
| Total exposureB                          |     |      | 191,349 |         |     | 12,351 |         |     |  8,893 |         |     | 212,593 |       |
| Loan-loss reservesC                      |     |      |     507 |         |     |    666 |         |     |  3,472 |         |     |   4,645 |       |

A. Detail of credit quality ratings calculated for Group management purposes. Excluding the SCIB branches business

B. Total exposure includes loan balances (drawn amounts) and off balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.

C. Includes provisions for undrawn authorized lines (loan commitments).

For the estimation of the expected losses, the prospective information is taken into account. Specifically, Santander Spain considers three macroeconomic scenarios, which are updated periodically. The projected evolution for a period of five yearsof the main macroeconomic indicators used by Santander Spain for estimating expected losses as of 2024, is presented below:

|                      |     | 2025-2029 |      |                      |     |      |               |     |     |                     |
| Variables            |     |           |      | Pessimistic scenario |     |      | Base scenario |     |     | Optimistic scenario |
| Interest rate        |     |           |  3.3 | %                    |     |  2.7 | %             |     | 2.5 | %                   |
| Unemployment rate    |     |           | 12.5 | %                    |     | 10.1 | %             |     | 8.9 | %                   |
| Housing price change |     |           | -0.7 | %                    |     |  2.9 | %             |     | 4.1 | %                   |
| GDP growth           |     |           |  0.3 | %                    |     |  1.7 | %             |     | 2.8 | %                   |

Each macroeconomic scenarios is