Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 700

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 700
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 Assets written off                                 |     | -131 |      |     |   0 |      |     |   0 |      |
| Exchange differences and other items               |     |  -32 |      |     |  36 |      |     |  -5 |      |
| Balance at end of year                             |     |  349 |      |     | 286 |      |     | 226 |      |
| Of which:                                          |     |      |      |     |     |      |     |     |      |
| By geographical location of risk:                  |     |      |      |     |     |      |     |     |      |
| European Union                                     |     |   23 |      |     |  22 |      |     |  26 |      |
| America                                            |     |  326 |      |     | 264 |      |     | 200 |      |

A. Of the EUR 226million corresponding to net provisions for the year ended 31 December 2024 (EUR 24million and EUR 16million at 31 December 2023 and 2022, respectively), EUR 227million relates to financial assets at amortized cost (EUR 23million and EUR 17million at 31 December 2023 and 2022, respectively) and EUR - 1million relates to financial assets designated at fair value through other comprehensive income (EUR 1million and EUR - 1million at 31 December 2023 and 2022, respectively).

At 31 December 2024, 2023 and 2022 the loan loss provision by impairment stage of the assets accounted for under IFRS9 amounted to EUR 39million, EUR 30million and EUR 25million in stage 1, EUR 9million, EUR 8million and EUR 2million in stage 2, and EUR 301million, EUR 248million and EUR 199million in stage 3, respectively.

8. Equity instruments

a) Breakdown

The detail, by classification and type, of Equity instruments in the consolidated balance sheets is as follows:

| EUR million                                                                   |     |        |      |     |        |      |     |        |      |
|                                                                               |     |        | 2024 |     |        | 2023 |     |        | 2022 |
| Classification                                                                |     |        |      |     |        |      |