Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 516

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 516
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2.06 |   |     |    173 |           |     |   8,411 |             |     |      | 1.99 |   |     |     78 |           |     |   3,903 |             |

Numerator: credit impaired customer loans and advances, guarantees and undrawn balances.

Denominator: total risk.

PagoNxt's NPL ratio is not provided as we do not consider it a relevant metric for this type of business.

Annual report 2024 497

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

| NPL coverage ratio(EUR million and %) |     |      |       |   |     |        |           |     |        |             |     |      |       |   |     |        |           |     |        |             |
|                                       |     | 2024 |       |   |     |        |           |     |        |             |     | 2023 |       |   |     |        |           |     |        |             |
|                                       |     |      |       | % |     |        | Numerator |     |        | Denominator |     |      |       | % |     |        | Numerator |     |        | Denominator |
| Retail & Commercial Banking           |     |      |  58.4 |   |     | 11,949 |           |     | 20,468 |             |     |      |  61.4 |   |     | 12,868 |           |     | 20,961 |             |
| Digital Consumer Bank                 |     |      |  73.6 |   |     |  8,088 |           |     | 10,992 |             |     |      |  76.5 |   |     |  7,521 |           |     |  9,831 |             |
| Corporate & Investment Banking        |     |      |  39.3 |   |     |    812 |           |     |  2,068 |             |     |      |  41.2 |   |     |  1,240 |           |     |  3,007 |             |
| Wealth Management & Insurance         |     |      |  80.3 |   |