Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 44

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 44
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  -8 |     |       +5 |
| Net operating income                        |     |  528 |       |     |  +5 |     |       +4 |     |  1,528 |       |     |  -4 |     |       +9 |
| LLPs                                        |     | -176 |       |     | +17 |     |      +15 |     |   -461 |       |     | -17 |     |       -6 |
| PBT                                         |     |  338 |       |     |  +1 |     |       -1 |     |  1,016 |       |     |  +2 |     |      +15 |
| Detailed financial information in appendix. |     |      |       |     |     |     |          |     |        |       |     |     |     |          |

|            |     | RETAIL BRAZIL |     | Profit before tax |
| EUR 633 mn |     |               |     |                   |

Commercial activity and business performance Our business strategy remains focused on: i) expanding the high-net worth and corporate segments by offering a personalized and global experience; and ii) providing an integrated multi-channel experience and a simplified product offering to the mass market. Additionally, in corporates, we are working to build a closer relationship with our customers, with tailored offerings and an enhanced multi-channel approach. Gross loans and advances to customers, excluding reverse repos and in constant euros, fell 3% year-on-year as increases in mortgages, corporates and SMEs did not offset declines in personal loans, in line with our strategy to focus on profitable growth and capital optimization. Customer deposits, excluding repos and in constant euros, increased 9% year-on-year, on the back of double-digit growth in time deposits especially from individuals. Mutual funds grew 15% year-on-year in constant euros. As a result, customer funds rose 10% in constant euros. Results Profit before tax in 9M 2025 reached EUR 633 million, 41% less than in 9M 2024. In constant euros, it fell 34%, by line: • Total income declined 5%, impacted by the negative sensitivity of the balance sheet to higher interest rates, lower net fee income and gains on financial transactions, in an environment with lower activity. • Costs increased 2%, below inflation, reflecting our transformation efforts in simplification, automation and digitalization. • Net loan-loss provisions increased