Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 534

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 534
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 |               |     | 0.18 |      |     | -0.08 |      |     | 0.09 |
| Payments                       |     |                       |     | 140.1 |      |     | 139.8 |      |     | 140.1 |     |                                         |  1,714 |     |      |  1,666 |     |      |  1,132 |     |               |     | 7.39 |      |     |  7.22 |      |     | 5.76 |
| Total Grupo                    |     |                       |     |  64.8 |      |     |  65.9 |      |     |  67.5 |     |                                         | 12,333 |     |      | 12,458 |     |      | 10,509 |     |               |     | 1.15 |      |     |  1.18 |      |     | 0.99 |

Total Group includes Corporate Centre.

A. Includes gross loans and advances to customers, guarantees and documentary credits

B. Loan-loss provisions net of post write-off recoveries (EUR 1,606 million).

C. Cost of risk calculated as the ratio of loan-loss provisions over the past 12 months / average customer loans and advances of the last 12 months.

| For more details on secondary segments, see2.'Main aggregates and variations'section in Note 54 to the consolidated financial statement. |

Credit quality in December 2024 was as follows:

The NPL ratio stood at 3.05% (-9 bps versus 2023 year end), since the impaired loans remained stable, reaching EUR 35,265 million, with increase in Consumer and Payments, which were offset by the positive behaviour in Retail, CIB and Wealth. Gross credit risk with customers (total risk) grew 2.1% in 2024 to EUR 1,157 million, owing mainly to the strong performance of CIB.

Per IFRS 9 guidelines, Group loan-loss provisions for 2024 amounted to EUR 12,333 million, 1% less than the previous year despite normalization in Consumer, an increase in provisions for Swiss Franc mortgages in Poland, and an increase in Wealth (after

registering net releases in 2023), which was partially offset by a strong performance in Retail (in Europe). In general, our credit profile in the global