Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000134
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 8
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 YoY changes in constant euros. (1) Metrics cover all products and employees in the branch network in our 10 main countries. Retail: strong YoY profit growth backed by better credit quality and the benefits from ONE Transformation, as we become a digital bank with branches 

# of products1 (k) # of non-commercial FTEs1 per mn total customers Active customers (mn) KEY DRIVERS CostsRevenue Deposits €647bn +4% CoR 0.89% -9bps Efficiency 39.2% +0.2pp Profit €5,670mn +9% Loans €597bn -0% 3,088 2,931 3,024 3,282 3,059 3,097 3,003 Q1'24 Q2 Q3 Q4 Q1'25 Q2 Q3 +1% +1% 7,595 7,798 7,807 8,073 7,773 7,868 7,696 Q1'24 Q2 Q3 Q4 Q1'25 Q2 Q3 In real terms -2% +3% -35% -17% • ONE Transformation delivering tangible progress: fees (+5%), digital sales (+13%), cost-to-serve (-3%) and high profitability levels • Loan performance reflects our focus on profitability. Generalized growth in deposits, on the back of higher transactionality, underscoring our strength as a trusted partner • Strong profit increase with controlled costs, supported by our global platform implementation, and effective risk management Operational leverage (Constant € mn, % vs. 9M’24) RoTE post-AT1 17.6% -0.5pp
11 25.2 25.1 26.2 Dec-22 Sep-24 Sep-25 9M’25 FINANCIALS Note: data and YoY changes in constant euros. ANEAs: average net earning assets, including renting. Retail deposit cost-to-serve (%) Operating expenses / ANEAs (%) KEY DRIVERS CostsRevenue Loan-to-deposit ratio (%) Optimized funding structure Total customers (mn) Loans €211bn +2% Deposits €127bn +5% Efficiency 40.9% +0.2pp Profit €1,561mn +6% CoR 2.06% -6bps +3% +3% 9.4 9.7 9M'24 9M'25 165