Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 173

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 173
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70,201 |     |       |   302,292 |
| Liabilities under insurance contracts |     |           |     3,371 |     |                   |   4,314 |     |                   |  2,544 |     |           |   8,114 |     |       |    18,343 |
| Lease obligations                     |     |           |       507 |     |                   |     660 |     |                   |    348 |     |           |     409 |     |       |     1,924 |
| Other long-term liabilities (B)       |     |           |     1,562 |     |                   |   2,886 |     |                   |  3,448 |     |           |   5,386 |     |       |    13,282 |
| Contractual interest payment (C)      |     |           |    18,269 |     |                   |  13,100 |     |                   | 14,457 |     |           |  41,177 |     |       |    87,003 |
| Total                                 |     |           | 1,078,484 |     |                   | 160,027 |     |                   | 98,122 |     |           | 140,254 |     |       | 1,476,887 |

(A) Financial liabilities at amortized cost.

(B) Other long-term liabilities relate to pensions and similar obligations and include the estimated benefit payable for the next ten years.

(C) Calculated for the amortized cost portfolios of Deposits from credit institutions, Customer deposits and Marketable debt securities, based on average interest rates at 30 June 2025 for all maturities, and assuming that obligations maturing in more than five years have an average life of ten years.

The table above excludes the 'fixed payments' of our derivatives since derivative contracts executed by the Group apply close-out netting across all outstanding transactions, that is, these agreements provide for settlements to be made on a maturity or settlement date for the differences that arise, and as such, the obligation to be settled in the future is not fixed at the present date and is not determined by the fixed payments.

| January - June 2025 |     | 187 |

## ITEM 7. RISK DISCLOSURES

#### Higher-Risk Loans
Grupo Santander’s loan portfolio is focused mainly on retail banking with a medium-low risk