Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 56

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 56
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2025 totalled EUR 7.0 billion. • In Insurance , gross written premiums reached EUR 8.3 billion in 9M 2025, increasing 5% year-on-year, driven by the life savings business.

| Wealth. Business performance.September 2025 |
| EUR billion and % change in constant euros  |

| Total AuMs            |
| Funds and investment* |
| - SAM                 |
| - Private Banking     |
| Custody               |
| Customer deposits     |
| Customer loans        |
| GWPs                  |

|    | / Jun-25 |     |     | / Sep-24 |
| +4 | %        |     | +11 | %        |
| +3 | %        |     | +13 | %        |
| +3 | %        |     | +12 | %        |
| +4 | %        |     | +19 | %        |
| +7 | %        |     |  +8 | %        |
| +2 | %        |     |  +5 | %        |
| +2 | %        |     | +12 | %        |
| -8 | %        |     |  +5 | %        |

Note: total products marketed, advised, under custody and/or managed. *Excluding overlaps between PB and SAM (PB clients with investment funds managed by SAM). Results Attributable profit in 9M 2025 amounted to EUR 1,439 million, 17% higher year-on-year. In constant euros, it grew 21%, with the following performance by line: • Total income increased 13% year-on-year as a result of our focus on value-added solutions to expand our fee businesses and improve revenue recurrency. Net interest income decreased 15% affected by some deposit cost inelasticity to interest rate declines and by the lower yield on assets, despite higher volumes in Private Banking, in a lower interest rates environment in most of our main units.

Net fee income rose 19% year-on-year, with good performances across businesses in general. Of note were the performances in Private Banking and SAM, driven by solid commercial activity, a positive market performance and supported by our focus on promoting fee-generating activities and products. Other income almost doubled year-on-year, boosted by the good performances of our joint ventures in Insurance and of the stakes managed by our Portfolio Investments business line. • Costs increased 9% year-on-year, less than total income, reflecting investments made