Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 23

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 23
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 2.30% +74bps 45.9% -1.7pp • Loans up 4% YoY, supported by new business growth, mainly new auto. Deposits up 18%, in line with our deposit gathering strategy • Net operating income grew 6% YoY, supported by NII and double- digit fee growth, with lower costs. PBT impacted by CHF provisions in Poland and the motor finance provision in the UK • QoQ, revenue growth and cost savings (NOI +8%) not reflected in PBT due to the aforementioned provisions in Poland and the UK • Loans down 4% YoY as we continue to run-off our non-core portfolio. Deposits up 2%, supported by Openbank launch in Q4 • PBT +5% YoY, supported by outstanding fee growth, cost improvements from our transformation and lower provisions, which more than offset lower leasing income • PBT up QoQ, driven by NII performance, strong fees and a pickup in leasing income, with costs under control and contained credit quality

43 Corporate & Investment Banking Highlights Loans Deposits Efficiency CoR RoTE €137bn 0% €137bn -10% 45.6% +0.6pp 0.10% -0bps 18.1% +0.5pp Key data Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 1,088 20.5 4,020 14.8 11.9 Net fee income 657 6.8 2,548 21.4 19.6 Total revenue 2,083 0.6 8,343 13.6 10.8 Operating expenses -1,024 5.5 -3,807 13.8 12.4 Net operating income 1,059 -3.6 4,537 13.4 9.6 LLPs -17 -72.7 -174 7.3 5.7 Attributable profit 701 11.5 2,740 15.8 12.3 (*) € mn and % change in constant euros. (1) % change in current euros. P&L • We continue to make our centres of expertise more sophisticated, deepening client relationships, on the back of our Global Markets and US BBO initiatives, and actively managing capital • Strong activity