Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 144

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 144
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|                                                               |     | Carrying amount of the underlying pool of assets |     |        | Fair value of debt securities issued available for encumbrance |     |        |
| Own covered bonds and asset-backed securities issued          |     |                                                  |     | 31,174 |                                                                |     | 24,510 |
| Retained covered bonds issued                                 |     |                                                  |     | 21,574 |                                                                |     | 17,131 |
| Retained asset-backed securities issued                       |     |                                                  |     |  9,600 |                                                                |     |  7,451 |

The contribution to the group's level of asset encumbrance on a consolidated basis by the various units is uneven across geographic locations. The unit which the (relatively) most encumbered assets is the United States (Santander Consumer USA), due to the high weight of consumer business. In the Eurozone and the UK, both markets where covered bonds and securitisations are highly developed, the level of taxation of assets is similar and close to the Group average.

Asset encumbrance is also significant in Mexico, which is very active in asset repurchase agreements. The South American and Poland units have a relatively low level of asset encumbrance. Moreover, intra-group asset encumbrance is not material.

The encumbered assets are denominated in each unit in the same currency as the encumbrance, which is usually the unit's functional currency.

216 2024 Pillar 3 Disclosures Report

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

The following table shows quantitative information on the liquidity coverage ratio divided by quarters:

| Table 92.LIQ1 - Quantitative information of LCR |     |                                                                                                                                                                                                                  |     |                                  |     |         |     |         |     |         |     |                                |     |         |     |         |     |         |
|                                                 |     |                                                                                                                                                                                                                  |     |                                a |     |       b |     |       c |     |       d |     |                              e |     |       f |     |       g |     |       h |
|                                                 |     | Scope of consolidation (consolidated)                                                                                                                                                                            |     | Total unweighted value (average) |     |         |     |         |     |         |     | Total weighted value (average) |