Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 34

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 34
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3,181 million) and 50% in share buybacks (EUR 3,112 million). For more details, see section 3.3 'Dividends and shareholder remuneration' in the 'Corporate governance' chapter of the 2024 Annual Report. Finally, for locations outside of the ECB jurisdiction, the local regulators, as a general rule, did not impose restrictions on dividend distribution, although, KNF Polish supervisor is recommending to set a limit of 75% on the pay out of dividends, but during 2024 no impediments were found. For more details, see section 3.3 'Dividends and shareholder remuneration' in the 'Corporate Governance' chapter of the 2024 Annual Report.

| Access 2024 Annual Report available on the Santander Group website |

38 2024 Pillar 3 Disclosures Report

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

2.4. Regulatory capital - Pillar 1 The current regulatory framework for capital calculation is based on three pillars: • Pillar 1 sets the minimum capital requirements for credit risk, market risk and operational risk, allowing internal ratings and models to be used. The target is to make regulatory requirements more sensitive to the risks actually incurred by financial institutions in their business activities. • Pillar 2 establishes a system of supervisory review, aimed at improving banks' internal risk management and capital adequacy assessment in line with their risk profile. • Pillar 3 is intended to enhance market discipline by developing a set of disclosure requirements that enable market agents to evaluate key information relating to the application of Basel II: capital, risk exposures, risk assessment processes and, by extension, the bank's capital adequacy.

| Eligible capital. December 2024 |     |       |              |     |       |           |
| EUR million                     |     |       |              |     |       |           |
|                                 |     |       | Fully-loaded |     |       | Phased-in |
| CET1                            |     |       |       79,705 |     |       |    79,800 |
| Basic capital                   |     |       |       90,076 |     |       |    90,170 |
| Eligible capital                |     |       |      107,106 |     |       |   108,589 |
| Risk-weighted assets            |