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

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 29
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) in Brazil, also affected by exchange rate depreciation. Compared to the previous quarter, cost of risk improved 1 bp, backed by lower provisions mainly in Brazil, reflecting our focus on risk management in a less favourable environment, and, to a lesser extent, in the UK (releases due to portfolio sales), The NPL coverage ratio improved 2 pp in the quarter, reaching 62%. Given the Retail portfolio includes the mortgage portfolios in Spain and the UK, which have high-quality collateral, we consider that coverage is at appropriate levels for the risk of the portfolio.

|                    |     | Digital Consumer Bank |     | Credit risk exposure |
| 18% of total Group |     |                       |     |                      |

The Consumer portfolio mainly comprises auto loans and leasing, which together account for more than 80% of the portfolio. This business is characterized by a good risk profile and short-term and geographically diversified portfolios. The NPL ratio stood at 5.29%, 32 bps higher quarter-on-quarter, underpinned by an increase in credit impaired loans, mainly in the US (due to lower write-offs in a context of high car prices, which has boosted payment rates, regulatory impacts and seasonal effects) and DCB Europe (Germany). Total risk was flat in the quarter. The cost of risk stood at 2.06%, improving 2 bps compared to June 2025 and 6 bps compared to September 2024, on the back of an excellent performance in provisions in the US (driven by resilient customer behaviour, used car prices stable at high levels and capital relief measures) and, to a lesser extent, in Brazil (provision model updates). The NPL coverage ratio fell 4 pp quarter-on-quarter, reaching 73%, a level we are comfortable with considering more than 80% of the portfolio is auto loans.

| January - September2025 |     | 23 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |
|                       |     | Risk management             |     |                                  |     |                      |     |          |     |       |

|                    |     | Corporate & Investment Banking |     | Credit risk exposure |
| 22% of total Group |     |                                |     |                      |

CIB's business consists of wholesale customers, around 85% of whom have a rating above investment grade. It