Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 90

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 90
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izations, necessary for the securitisation fund and will subsequently issue the notes that typically have an external rating.

The structuring and placing of its own securitizations, as for third parties, are also done by Santander, initiating and promoting new structures in various jurisdictions for both funding and risk transfer purposes. This activity is carried out against a backdrop of securitization revival as a tool for channelling credit to the real economy, with a special focus on the SMEs and consumer loans.

Conversely, Santander also acts as an investor, acquiring securitization positions originated by non-Santander entities.

Finally, Grupo Santander is sponsor of a securitisation whose underlying is the short-term receivables on individual debtors issued by a corporate client in the energy sector.

2024 Pillar 3 Disclosures Report 159

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

The distribution of Grupo Santander's exposure according to its activity as of December 31st, 2024 is shown below:

As indicated in the graph, originator activity accounts for more than 79% of Santander securitisation activity, while investment activity accounts for 21%. 67% of the volume of securitisations originated by Santander is concentrated in Spain and the United States. On the investment side, 92% of acquisitions of investment positions are concentrated in Spain and 2% in the United States, as shown in the graph on the right.

| EAD variation |
| Million euros |

| 46.1% |

| RWA variation |
| Million euros |

| 37.5% |

| Distribution of the Group’s securitisation function (EAD) |     |                     |     |                   |
| Overview                                                  |     | Originator Activity |     | Investor Activity |

| n |     | Originator -   |     | 79% |     | n |     | Spain    |     | 47% |     | n |     | Poland |     | 3%  |     | n |     | Spain  |     | 92% |
| n |     | Investor     - |     | 21% |     | n |     | USA      |     | 20% |     | n |     | Brasil |     | 2%  |     | n |     | USA    |