Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 707

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 707
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| Other tangible assets held for sale |     |   230 |      |     |   218 |      |     |   334 |      |
| Other assets                        |     | 1,151 |      |     |    23 |      |     |    18 |      |
| Of which: Caceis (Note 3)A          |     | 1,137 |      |     |     — |      |     |     — |      |
| Total                               |     | 4,002 |      |     | 3,014 |      |     | 3,453 |      |

A. As a result of the agreement for the sale of the stake in Caceis, as of 31 December 2024, this participation has been reclassified, at its carrying value, from the caption 'Investments' to the caption 'Non-current assets held for sale' in the balance sheet (see note 3).

At 31 December 2024, the provisions recognised for the total non-current assets held for sale totalled EUR 2,606million (EUR 2,956million and EUR 3,425million at 31 December 2023 and 2022, respectively). The charges recorded in those years amounted to EUR 163million, EUR 139million and EUR 204million, respectively, and the recoveries during these exercises are amounted to EUR 71million, EUR 88million and EUR 110million, respectively.

13. Investments

a) Breakdown

The detail, by company, of Investments is as follows:

| EUR million                                                                                                         |     |       |      |     |       |      |     |       |      |
|                                                                                                                     |     |       | 2024 |     |       | 2023 |     |       | 2022 |
| Associated entities                                                                                                 |     | 5,216 |      |     | 5,682 |      |     | 5,634 |      |
| Merlin Properties, SOCIMI, S.A.                                                                                     |     | 1,803 |      |     | 1,621 |      |     | 1,653 |      |
| Caceis (Notes 3 and 12)                                                                                             |     |     — |      |     | 1,139 |      |     | 1,046 |      |
| Zurich Santander Insurance                                                                                          
 America, S.L. - Consolidated                                                                                        |