Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 437

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 437
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788 |        |        |   -663 |          |     |  -2.9 |   |     |    22,684 |        |
| Net loans and advances to customers                             |     | 1,054,069 |        |     | 1,036,349 |        |        | 17,720 |          |     |   1.7 |   |     | 1,036,004 |        |

Annual report 2024 412

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     | Economic and financial review |     | Riskmanagement and compliance |

| Gross loans and advances to customers 
 (excluding reverse repos)             |
| EUR billion                           |

|                   | 0 | % | A |
| Dec-24 vs. Dec-23 |   |   |   |

A. In constant euros: +1%. At the end of 2024, 65% of loans and advances to customers maturing in more than one year had a fixed interest rate, while the other 35% had a floating interest rate: • In Spain, 51% of loans and advances to customers were fixed rate and 49% were floating rate. • Outside of Spain, 68% of loans and advances to customers were fixed rate and 32% were floating rate. As of December 2024, gross loans and advances to customers excluding reverse repos maintained a diversified structure between the markets in which the Group operates: Europe (55%), DCB Europe (14%), North America (16%) and South America (15%).

| Gross loans and advances to customers 
 (excluding reverse repos)             |
| % of operating areas. December 2024   |

For more details on the distribution of loans and advances to customers by business line, see note 10.b to the consolidated financial statements. Tangible assets amounted to EUR 32,087 million in December 2024, down EUR 1,795 million compared to December 2023. Intangible assets stood at EUR 19,259 million, of which EUR 13,438 million corresponds to goodwill (which decreased EUR 579 million) and EUR 5,821 million to other intangible assets, mostly IT developments (down EUR 33 million year-on-year).

| Loans and advances to customers with maturities exceeding one year as at 31 December 2024 |     |          |     |         |     |     |                          |     |