Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 24

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 24
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 in Retail and CIB were partially offset by a deterioration in Payments, affected by higher interest rates and inflation in Brazil, negatively impacting delinquency indicators. Gross credit risk with customers (total risk), reached EUR 1,168 billion, driven by growth in all global businesses, but especially of note was CIB.

Year-on-year, the NPL ratio improved 10 bps, driven by lower credit impaired loan volumes, mainly in Retail and CIB, as well as by higher gross credit risk with customers (total risk), which increased 2% compared to Q1 2024.

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#### Net loan-loss provisions
totalled EUR 3,161 million in Q1 2025, growing 7% year-on-year in constant euros, mainly due to the increase in Payments and the Corporate Centre.

Quarter-on-quarter, provisions were relatively stable in constant euros, supported by DCB US, driven by the good underlying performance and some seasonality in Q4 (tax season).

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#### Cost of risk
stood at 1.14%, 1 bp lower than December 2024, driven by lower provisions in Consumer and CIB.

| Key risk metrics |     |                           |     |       |     |         |     |         |                   |     |        |     |           |     |           |               |     |        |     |           |     |           |                        |     |        |     |          |     |          |
|                  |     | Net loan-loss provisions3 |     |       |     |         |     |         | Cost of risk (%)4 |     |        |     |           |     |           | NPL ratio (%) |     |        |     |           |     |           | NPL coverage ratio (%) |     |        |     |          |     |          |
|                  |     |                           |     | Q1'25 |     | Chg (%) 
 / Q1'24 |     | Chg (%) 
 / Q4'24 |                   |     | Mar-25 |     | Chg (bps) 
  / Mar-24 |     | Chg (bps) 
  / Dec-24 |               |     | Mar-25 |     | Chg (bps) 
  / Mar-24 |     | Chg (bps) 
  / Dec-24 |                        |     | Mar-25 |     | Chg (pp) 
 / Mar-24 |     | Chg (pp) 
 /