Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 706

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 706
---
        | 2023 |     |        | 2022 |
| Retained on the balance sheet |     | 80,824 |      |     | 75,738 |      |     | 82,603 |      |
| Of which                      |     |        |      |     |        |      |     |        |      |
| Securitised mortgage assets   |     | 17,782 |      |     | 16,994 |      |     | 16,265 |      |
| Of which: UK assets           |     |  9,034 |      |     |  6,096 |      |     |  4,144 |      |
| Other securitised assets      |     | 63,042 |      |     | 58,744 |      |     | 66,338 |      |
| TotalA                        |     | 80,824 |      |     | 75,738 |      |     | 82,603 |      |

A. Note 22 details the liabilities associated with these securitisation transactions.

At 31 December 2024, Grupo Santander had loans that had been fully derecognised and for which it retained servicing amounting to EUR 14,919million (EUR 13,923million and EUR 13,711million at 31 December 2023 and 2022, respectively).

Annual report 2024 648

| Contents |     | Auditor's report |     | Consolidated financial statements |     | Notes to the consolidated financial statements |     | Appendix |

#### 11. Trading derivatives
The detail of the notional amounts and the market values of the trading derivatives held by the Group in 2024, 2023 and 2022 is as follows:

| EUR million                                      |     |      |           |                 |     |       |        |     |      |           |                 |     |       |        |     |      |           |                 |     |        |        |
|                                                  |     | 2024 |           |                 |     |       |        |     | 2023 |           |                 |     |       |        |     | 2022 |           |                 |     |        |        |
|                                                  |     |      |           | Notional amount |     |       | Market 
 value  |     |      |           | Notional amount |     |       | Market 
 value