Company: BCDRF
Filing Date: 2025-04-04
Form Type: 6-K
Source: 0000950103-25-004378
Chunk: 1

Company: Banco Santander, S.A.
Filing Date: 2025-04-04
Form: 6-K
Chunk 1
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2025, meaning a 19% increase in total cash dividend per share 
 charged to 2024.                                                                                                                        |

Madrid, 4 April 2025 - PRESS RELEASE

Banco Santander’s executive chair Ana Botín
will confirm today at the bank’s annual general meeting (AGM), which will be broadcasted from its headquarters in Boadilla del Monte,
that Santander is on track to meet its 2025 targets.

Commenting on the bank’s performance, Ana Botín will say:

| · | “Looking forward, we expect to continue                                                                                                   
 increasing profitability in 2025. While we are monitoring the implications of recent tariff announcements in the US, it is in challenging 
 times when the value of our diversification is most apparent. Our diversification acts as stabilizer in an uncertain global environment.  |

| · | As such, we maintain all our targets for the                                                                                    
 year, including achieving around €62 billion in revenues; falling costs year-on-year in absolute terms; a stable cost of risk – 
 with better performing markets offsetting others; and reaching a RoTE of c.16.5% post-AT1 and a CET1 of 13%.                    |

| · | In the first quarter of 2025, we maintained                                                                                                
 the positive trend seen in previous years by growing customers, with revenues expected to remain flattish and costs to decrease in current 
 euros compared to the same period last year. Both, costs and revenues, are in line with our guidance for 2025, and as a result, efficiency 
 improved c.50 basis points. Credit quality remains stable, with the cost of credit within the expected range.                              |

| · | As a result, in the first quarter we expect                                                                                              
 to: increase profitability relative to full-year 2024, achieving a RoTE of c.15.7% post-AT1, on a path to reach our full-year target of  
 c.16.5%; grow tangible net asset value plus cash dividend per share of over 14%; while maintaining solid capital generation, with a CET1 
 ratio of 12.9% (up 10 basis points against FY 2024).”                                                                                    |

| Corporate Communications                            
 Ciudad Grupo Santander, edificio Arrecife, planta 2 
 28660 Boadilla del Monte (Madrid)                   
 comunicacion@gruposantander.com                     
 www.santander.com - Twitter: @bancosantander        |