Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 50

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 50
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                 |
| - Private Banking     |
| Custody               |
| Customer deposits     |
| Customer loans        |
| GWPs                  |

|    | / Dec-24 |     |     | / Mar-24 |
| +3 | %        |     | +11 | %        |
| +3 | %        |     | +15 | %        |
| +3 | %        |     | +14 | %        |
| +4 | %        |     | +19 | %        |
| +2 | %        |     |  +5 | %        |
| +3 | %        |     |  +5 | %        |
| +2 | %        |     |  +8 | %        |
| +9 | %        |     |  +4 | %        |

Note: total products marketed, advised, under custody and/or managed. *Excluding overlaps between PB and SAM (PB clients with investment funds managed by SAM). Results Attributable profit in Q1 2025 amounted to EUR 471 million, 25% higher year-on-year. In constant euros, it grew 28%, with the following performance by line: • Total income was EUR 1,019 million, 14% higher year-on-year as a result of our focus on value-added solutions to expand our fee businesses. Net interest income decreased 16% in a lower interest rate environment in some of our main units, despite higher volumes in Private Banking.

Net fee income rose 16% year-on-year to EUR 419 million, with good overall performance across businesses. Of note were the performances in Private Banking and SAM, on the back of our increased focus on fee generating activities and products and the positive commercial activity and market performance. Other income increased, boosted by the good performance of joint ventures in Insurance and also due to Portfolio Investments vertical. • Costs increased 10% year-on-year, growing less than total income, reflecting our investments to reinforce PB teams and new capabilities to address the increase in commercial activity. Including the fees ceded to our commercial network, total revenue reached EUR 1,639 million, up 12%, on the back of a more recurrent activity in Private Banking, higher volumes in SAM and the good performance of the insurance related businesses.

| Wealth. Total income.Q1 2025                    |
| EUR million and  YoY % change in constant euros |

| PB        |
| SAM       |
| Insurance |

| Total income |     | Total income + c