Company: BCDRF
Filing Date: 2025-05-05
Form Type: 6-K
Source: 0000950103-25-005721
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-05-05
Form: 6-K
Chunk 5
---
 acquired 60% of Santander Consumer Bank from Santander Consumer Finance Acquisition of Deutsche Bank Polska’s Retail and Private Banking Business , 2018 further enhancing Santander’s position as the third largest financial institution in Poland 2018 BZ WBK officially rebranded to Santander Bank Polska to align with the global Santander brand 2024 Sale of 5.2% stake in Santander Bank Polska through an ABB, aiming to increase the free float and liquidity of Santander Bank Polska shares Present Today, Santander Bank Polska proudly serves 7.5 million customers , operating through our 349 national branches €3 b n 3x 5x Dividends received Exit value (1) vs initial i n v e s t m e n t Growth in profits

6 Clear strategic and financial rationale Simplify Santander’s global footprint to increase focus on strategically connected markets 1 Crystalise value at a significant premium to the Group’s valuation 2 Reinvest capital in value accretive opportunities aligned with Santander’s strategic footprint and capital hierarchy – prioritising organic growth, share buybacks and bolt - on acquisitions targeting returns above 20% 3 Deliver higher EPS, returns and growth prospects once capital re - deployment completed 4 Establish a global strategic cooperation with Erste Group in CIB and Payments to connect Erste Group’s CEE footprint with Santander’s international markets 5

7 Significant capital release Net capital gain c€2bn Total CET1 capital released c€6.4bn CET1 transaction impact CET1 (1) December 2025 expected Use of proceeds • Proceeds to be used in a manner consistent with existing capital hierarchy • Post - transaction, Santander to temporarily run with a CET1 ratio above its target operating range of 12 - 13% o Santander to prioritise profitable organic growth that creates a compounding effect on earnings, returns, book value and distributions o Santander intends to distribute 50% of the capital released from this disposal to accelerate the delivery of our €10bn share buyback target for 2025 - 26 after completion in early 2026 o Potential to exceed the previously announced share buyback target, subject to regulatory approval, given the attractiveness of buybacks at current valuation o Further bolt - on M&A will need to be complementary to Santander’s strategic aims and generate financial returns that surpass those of organic investments or share buybacks 13% 40b p s 60bp s 14% +c