Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 455

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 455
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 9 |
| Total                                                               |     |       |     | 625 |        |     | 378 |            |     | 208 |                     |     | 67 |               |     | 103 |         |     | 72 |               |     | 140 |             |     | 95 |

Note: Breakdown according to debtor’s residency, except operational risk (management criteria). Counterparty RWAs are included in the IRB/STD approaches. The amounts shown in the table are presented in EUR billion, therefore, the amounts have been rounded. Consequently, in certain instances, the sum of the numbers in a column or a row in tables contained in this report may not conform exactly to the total figure given for that column or row.

A. It does not include 1,250% deductions. See footnote C in the previous table.

Note: EUR 5 billion allocated to other countries (1% of total Group RWAs).

Annual report 2024 428

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

This table presents the main changes to capital requirements by credit risk:

| Credit risk capital movementsA |     |         |     |                      |
| EUR million                    |     |         |     |                      |
|                                |     |    RWAs |     | Capital requirements |
| Starting amount (31/12/2023)   |     | 539,247 |     |               43,140 |
| Asset size                     |     | -17,322 |     |               -1,386 |
| Asset quality                  |     |  -2,584 |     |                 -207 |
| Model updates                  |     |   8,307 |     |                  665 |
| Methodology and policy         |     |  14,308 |     |                1,145 |
| Acquisitions and disposals     |     |       — |     |                    — |
| Foreign exchange movements     |     |  -8,897 |     |                 -712 |
| Other                          |     |       — |     |                    — |
| Ending amount (31/12/2024)     |     | 533,060 |     |               42,645 |

A. Includes capital requirements from equity, securitizations and counterparty risk (excluding CVA and CCP). Credit risk RWAs decreased EUR 6,