Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004378
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 5
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 in Ukraine and the Middle East or the outbreak of public health
emergencies in the global economy) in areas where we have significant operations or investments; (2) climate-related conditions, regulations,
targets and weather events; (3) exposure to market risks (e.g., risks from interest rates, foreign exchange rates, equity prices and new
benchmark indices); (4) potential losses from early loan repayment, collateral depreciation or counterparty risk; (5) political instability
in Spain, the UK, other European countries, Latin America and the US; (6) legislative, regulatory or tax changes (including regulatory
capital and liquidity requirements), especially in view of the UK's exit from the European Union and greater regulation prompted by financial
crises; (7) acquisition integration and challenges arising from deviating management’s resources and attention from other strategic
opportunities and operational matters; (8) uncertainty over the scope of actions that may be required by us, governments and other to
achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry
and governmental standards and regulations; (9) our own decisions and actions, including those affecting or changing our practices, operations,
priorities, strategies, policies, or procedures; and (10) changes affecting our access to liquidity and funding on acceptable terms, especially
due to credit spread shifts or credit rating downgrade for the entire group or core subsidiaries.

Forward looking statements are based on current
expectations and future estimates about Santander’s and third-parties’ operations and businesses and address matters that
are uncertain to varying degrees, including, but not limited to developing standards that may change in the future; plans, projections,
expectations, targets, objectives, strategies and goals relating to environmental, social, safety and governance performance, including
expectations regarding future execution of Santander’s and third parties’ energy and climate strategies, and the underlying
assumptions and estimated impacts on Santander’s and third-parties’ businesses related thereto; Santander’s and third-parties’
approach, plans and expectations in relation to carbon use and targeted reductions of emissions; changes in operations or investments
under existing or future environmental laws and regulations; and changes in government regulations and regulatory requirements, including
those related to climate-related initiatives.

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