Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 154

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 154
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 |      | -18,164 |     |              | -19,030 |     |              | -19,755 |
| Average tangible equity                                                                     |     |                                  |  77,316 |     |      |  73,675 |     |      |  71,822 |     |              |  81,673 |     |              |  76,396 |
| Return on equity (ROE) (%)                                                                  |     |                                  |    13.0 |     |      |    11.9 |     |      |    10.7 |     |              |    13.6 |     |              |    12.6 |
| Return on tangible equity (ROTE) (%)                                                        |     |                                  |    16.3 |     |      |    15.1 |     |      |    13.4 |     |              |    16.7 |     |              |    15.9 |
| Return on tangible equity (ROTE) post AT1 (%)                                               |     |                                  |    15.5 |     |      |    14.4 |     |      |    12.6 |     |              |    16.0 |     |              |    15.1 |

(J) Fully loaded CET1 ratios are calculated without application of the transitory IFRS 9 provisions nor the subsequent amendments introduced by Regulation 2020/873 of the European Union. The phased-in CET1 ratios reflect the application of the transitory provisions and subsequent amendments introduced by Regulation 2020/873 of the European Union.

(K) Reflect Bank of Spain classifications. These classifications differ from the classifications applied by US banks in reporting loans as non-accrual, past due, restructured and potential problem loans. See note 2 to our consolidated financial statements included in Part 1 of our 2024 Form 20-F.

(L) We disclose these ratios because our credit risk exposure comprises loans and advances to customers as well as contingent liabilities, all of which are subject to impairment and, therefore, allowances are taken in respect thereof. These credit ratios are prepared for management purposes and therefore include the assets and results associated with the businesses subject to the Poland disposal.

(M) Credit impaired balances include credit impaired loans and advances, customer guarantees and customer commitments granted.

(N) Pay-out information for the six months ended 30 June 2025 and 2024 and for the year-end is not