Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 421

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 421
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 Corporate & Investment Banking : i) deepen our client relationships with a particular focus on the US; ii) fully leverage our enhanced centres of expertise, increase connectivity around the client agenda and further digitalize our business; iii) keep evolving our active capital management and global operating models; and iv) attract, develop and retain top talent.

• Wealth Management & Insurance: i) improve our customer experience providing enhanced value-added products and services and expanding our presence to new countries and businesses; ii) boost operational leverage by globalizing service and product factories/hubs and enhancing local distribution; and iii) develop common global platforms to transform our operations and distribution model leveraging the Group's technology, data and AI.

• Payments : in PagoNxt, i) continue to scale up our global platform of innovative payments and integrated value-added solutions; ii) roll out our global payment platform to all our regions and the open market. In Cards, expand our cards business while improving customer experience.

Additionally, we are accelerating our global approach to technology which drives innovation and excellence in a dynamic and fast-changing environment. This is differentiating us from our peers and giving us a competitive advantage. We have already built a strong set of platforms, which provide services to customers across our footprint and, at the same time, to the open market.

To conclude, we believe Grupo Santander is well positioned to achieve our aim to be the best open financial services platform, leveraging our unique business model and our network effects.

Annual report 2024 396

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

### 3.2 Results

#### Statutory income statement
| Condensed income statement                                                                                       |     |         |      |     |         |      |        |        |          |     |        |   |     |         |      |
| EUR million                                                                                                      |     |         |      |     |         |      |        |        |          |     |        |   |     |         |      |
|                                                                                                                  |     |         |      |     |         |      | Change |        |          |     |        |   |     |         |      |
|                                                                                                                  |     |         | 2024 |     |         | 2023 |        |        | Absolute |     |        | % |     |         | 2022 |
| Net interest income                                                                                              |     |  46,