Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 595

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 595
---
39. Interest expense 731

40. Dividend income 732

41. Commission income 732

42. Commission expense 732

43. Gains or losses on financial assets and liabilities 732

44. Exchange differences, net 733

45. Other operating income and expenses 734

46. Staff costs 734

47. Other general administrative expenses 740

48. Gains or losses on non financial assets, net 742

49. Gains or losses on non-current assets held for sale not classified as discontinued operations 742

50. Fair value of financial instruments 742

51. Other disclosures 759

52. Primary and secondary segments reporting 772

53. Related parties 785

54. Risk management 788

55. Additional disclosures 824

#### Appendix 829
Appendix I. Subsidiaries of Banco Santander, S.A. 830

Appendix II. Societies of which the Group owns more than 5%, entities associated with Grupo Santander and jointly controlled entities 852

Appendix III. Issuing subsidiaries of shares and preference shares 859

Appendix IV. Notifications of acquisitions and disposals of investments in 2024 860

Appendix V. Other information on the Group’s banks 861

Appendix VI. Annual banking report 868

Annual report 2024 561

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

#### AUDITOR'S REPORT
Annual report 2024 562

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

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Annual report 2024 564

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Annual report 2024 565

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