Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 26

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 26
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     |  1.3 |         |     |  5.6 |     |        |     |  2.2 |         |     |  6.9 |     |       |     |  2.4 |         |     |  7.3 |
| Adverse scenario             |     |       |     | -2.5 |         |     | -4.0 |     |      |     | -4.5 |         |     | -10.3 |     |      |     | -5.1 |         |     | -3.3 |     |        |     | -4.7 |         |     | -7.0 |     |        |     | -3.3 |         |     | -2.9 |     |       |     | -5.1 |         |     | -3.2 |

| Santander: resilience of our income statement was reflected in greater capital strength |

Since 2008, the Group has undergone 10 stress tests and demonstrated in all of them the strength of its business model and, consequently, that its solvency levels are sufficient to face the most severe macroeconomic scenarios. Our business and geographic diversification provides us with more stable and non-interrelated sources of income, so that even if the macroeconomic situation were to deteriorate globally, we would be capable of generating profit for our shareholders while satisfying the most demanding regulatory requirements, and thereby ensure an adequate capital position in line with regulatory requirements.

| Fully-loaded CET1 ratio 2027 vs. 2024 |
| Adverse scenario. Basis points        |

According to the results obtained from this stress test, under the adverse scenario, Santander would destroy just 173 bps of fully-loaded capital. This compares to a peer average of 231 bps and the average of European banking system of more than 300 bps. This implies that, in absolute terms, the Group at the end of the stressed horizon in the adverse scenario, would have a fully-loaded CET1 ratio that is 50 bps better than the average of its European peers. Even in the adverse scenario, Santander was forecasted to generate a cumulative profit of EUR 10,769 million, well above its peers (average projected profit of EUR 805 million) and the system (averaging a projected loss of EUR 278 million).

| Profit after tax (2025-2027)  |
| Adverse scenario. EUR million |