Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 757

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 757
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             |     |   395 |      |     |  -258 |      |     | -1,811 |      |
| Change of perimeter                              |     |    -8 |      |     |  -364 |      |     |     31 |      |
| Dividends paid to minority shareholders          |     |  -660 |      |     |  -748 |      |     |   -500 |      |
| Changes in capital and other conceptsB           |     |  -528 |      |     |   303 |      |     |   -769 |      |
| Balance at end of year                           |     | 8,726 |      |     | 8,818 |      |     |  8,481 |      |

A. Include the effects of the accelerated placement of 5.2% of the share capital of Santander Bank Polska S.A. in 2024, the public offer for the acquisition of shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México that occurred in 2023 and the purchase of shares of Santander Holdings USA, Inc. on Santander Consumer USA Holdings Inc. occurred in 2022 (see note 3.b).

B. Includes the effects of the amortization of AT1 UK by EUR 590million and EUR 756million at closing of fiscal years 2024 and 2022, respectively.

The foregoing changes are shown in the consolidated statement of changes in total equity.

c) Other information

The financial information on the subsidiaries with significant non-controlling interests at 31 December 2024 is summarised below:

| EUR millionA      |     |        |                            |     |         |                               |     |        |                         |     |        |           |
|                   |     |        | Santander Bank Polska S.A. |     |         | Banco Santander (Brasil) S.A. |     |        | Banco Santander - Chile |     |        | Grupo PSA |
| Total assets      |     | 68,269 |                            |     | 205,510 |                               |     | 70,434 |                         |     | 45,373 |           |
| Total liabilities |     | 61,439 |                            |     | 190,020 |                               |     | 64,983 |                         |     | 41,458 |           |
| Net assets