Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 436

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 436
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 year-on-year.

For the purpose of analysing traditional commercial banking loans, the Group uses gross loans and advances to customers excluding reverse repurchase agreements (repos) which amounted to EUR 1,016,546 million in December 2024, a 2% increase year-on-year.

To facilitate the analysis of Santander's management, the comments below do not consider the exchange rate impact (i.e., in constant euros), except for Argentina and any grouping which includes it. For further information, see section 8. 'Alternative performance measures' of this chapter.

Gross loans and advances to customers , excluding reverse repos and in constant euros, grew 1% year-on-year, as follows:

• In Retail, which represents 60% of the Group's loans, gross loans and advances fell 1%, as growth in corporate and personal loans

partially offset falls in mortgages and SMEs, affected by prepayments. By region, increases in North and South America partially offset declines in Europe.

• In Consumer , which represents 21% of the Group's loans, gross loans and advances grew 4% driven by good performance in the auto markets in Europe and Latin America.

• In CIB , which represents 14% of the Group's loans, lending volumes were stable, as growth in North and South America compensated the lower volumes in Europe.

• In Wealth and Payments gross loans and advances increased 8% and 15%, respectively.

| Loans and advances to customers                                 |     |           |        |     |           |        |        |        |          |     |       |   |     |           |        |
| EUR million                                                     |     |           |        |     |           |        |        |        |          |     |       |   |     |           |        |
|                                                                 |     |           |        |     |           |        | Change |        |          |     |       |   |     |           |        |
|                                                                 |     |           | Dec-24 |     |           | Dec-23 |        |        | Absolute |     |       | % |     |           | Dec-22 |
| Commercial bills                                                |     |    53,209 |        |     |    55,628 |        |        | -2,419 |          |     |  -4.3 |   |     |    56,688 |        |
| Secured loans                                                   |     |   557,463 |        |     |