Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 143

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 143
---
brance
This section covers the qualitative requirements AE4 - Accompanying narrative information.

Following the guidelines laid down by the European Banking Authority (EBA), the concept of asset encumbrance includes both on-balance-sheet assets pledged as collateral in transactions to obtain liquidity and off-balance-sheet assets that have been received and re-used for similar purposes, in addition to other assets associated with liabilities other than for funding reasons.

The Disclosures on Grupo Santander required by Commission Delegated Regulation (EU) 2017/2295 are presented below.

The scope used for the disclosures in this report is the same as the liquidity management scope on a consolidated basis, as regulated in CRR II 876/2019, which amends regulation CRR 575/2013.

There is a difference in the treatment of transactions which are pledged but not encumbered. These are treated as assets, which are pledged, due to them being delivered as collateral for financing transactions and are not considered to be encumbered (for all or part of the value of the asset) as these financing transactions are not fully drawn.

There are no cases of encumbered assets that do not lead to pledging or transfer.

The value of the exposure shown in the tables below was calculated as the median of the values disclosed in the regulatory information for the four quarters of the year, in line with European Banking Authority guidelines.

The vast majority of unencumbered assets are loans that could be pledged as collateral as presented in Table AE1.

214 2024 Pillar 3 Disclosures Report

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

| Table 88.AE1 - Encumbered and unencumbered assets |     |                                                |     |                                      |         |     |                                             |        |     |                                 |            |     |                                             |            |     |                                        |           |     |                         |         |     |                                   |            |     |                         |            |      |
|                                                   |     | EUR million                                    |     |                                      |         |     |                                             |        |     |                                 |            |     |                                             |            |     |                                        |           |     |                         |         |     |                                   |            |     |                         |            | 2024 |
|                                                   |     |                                                |     |                                   10 |         |     |                                          30 |        |     |