Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 24

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 24
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 (underlying credit quality and better macro) • PBT up 1% QoQ with a strong NOI performance (+3%) on the back of solid fees (insurance) and cost discipline, which outweighed higher LLPs (single names in corporates) • Loans down YoY (personal loans and corporates), reflecting our focus on active risk management and balance sheet optimization. Deposits rose YoY, due to time deposits. Mutual funds up double digits • PBT affected YoY by impact of lower demand on revenue and macro deterioration on LLPs, with costs dropping in real terms • Strong NII QoQ and lower cost, which is not reflected in PBT affected by lower GFT and the aforementioned LLP increase

40 KEY DATA Digital Consumer Bank Note: Jun-25 data and YoY changes (new lending, loans and deposits in constant euros). P&L HIGHLIGHTS New lending €41bn -10% Loans €211bn +2% Efficiency 41.5% +0.9pp CoR 2.09% -8bps RoTE post-AT1 10.4% -1.5pp Deposits €130bn +10% Underlying P&L* Q2'25 % Q1'25 H1'25 % H1'24 % H1'24¹ NII 2,747 3.6 5,504 4.6 2.6 Net fee income 341 3.3 681 -5.7 -8.2 Total revenue 3,191 2.4 6,425 1.6 -0.4 Operating expenses -1,308 -0.1 -2,664 3.1 1.8 Net operating income 1,883 4.3 3,761 0.6 -1.9 LLPs -956 -10.4 -2,075 -2.6 -5.4 Attributable profit 551 16.5 1,042 -0.8 -2.5 (*) € mn and % change in constant euros. (1) % change in current euros. • Progressing in our priority to become the preferred choice of our partners and end customers, while being the most cost competitive player • Loans rose 2%, driven by auto lending in Europe and LatAm, in a European market that is picking up after a weak start to the year • Deposits up 10% across our footprint, in line with our deposit