Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 13

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 13
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 vary materially.                                                                                                                                                                                                                                                                            
 A.RoTE post-AT1: Group attributable profit – cost of AT1s / average of: net equity (excluding minority interests) – intangible assets (including goodwill).                                                                                                                                                                                                                                                
 B.Share buyback target corresponding to 2025-26 including: i) the buybacks resulting from application of our existing shareholder remuneration policy plus; ii) additional buybacks to distribute excesses of our CET1.                                                                                                                                                                                    
 Existing shareholder remuneration policy defined as c.50% of Group reported profit (excluding non-cash, non-capital ratios impact items), distributed approximately 50% in cash dividends and 50% in share buybacks. The implementation of the shareholder remuneration policy and any share buybacks to distribute CET1 surpluses are subject to future corporate and regulatory decisions and approvals. |     |                              |     |           |     |         |     |                          |     |                  |

We are creating value for our shareholders by focusing on delivering profitable growth in a responsible way

|                                                   |     |     2023 |     |     2024 |     | 2025 targets |
| Green finance raised and facilitated (since 2019) |     | €115.3bn |     | €139.4bn |     | €120bn       |
| Socially responsible investments (AuMs)           |     |  €67.7bn |     |  €88.8bn |     | €100bn       |
| Financial inclusion (

# People)                    |     |    1.8mn |     |    4.3mn |     | 5mn          |
Note: information has been verified with limited assurance by PricewaterhouseCoopers Auditores, S.L. For more details, see the 'Sustainabili ty statement ' chapter and metrics definitions see section SN 9. 'Alternative Performance Measures' of the same chapter.

Not taxonomy. Financial inclusion (

# people, mn): starting Jan-23. Does not include financial education.
Annual report 2024 17

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

### SUSTAINABILITY STATEMENT
Consolidated non-financial information statement and sustainability information

Annual report 2024 18

| Contents |     | Business model and strategy |     | Sustainability statement |     | Corporate governance |     |