Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 32

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 32
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15% Efficiency 27.0% +4.1pp CoR -0.03% -21bps RoTE post-AT1 30.6% -0.1pp Loans €40bn +9% Deposits €52bn +12% Mutual funds €7bn +21% Efficiency 29.0% +1.5pp CoR 1.20% -75bps RoTE post-AT1 22.1% +2.6pp • Customer growth is driving a strong increase in loans, mainly in Retail and CIB. Deposit growth (time) and outstanding rise in mutual funds • Profit up 8% YoY, driven by excellent NII performance (volumes and ALCO), fees (FX and mutual funds) and improved LLPs, which more than offset higher costs (competitive labour market) • Profit up QoQ on the back of fee performance in CIB and lower CHF provisions. NII affected by high levels in Q4 and other income by deposit guarantee fund contribution (BFG) • Loans up with solid new business performance. Increases in deposits and mutual funds • Profit down YoY, mainly affected by the impact of interest rates on NII, partially offset by LLP releases • Profit up double digits QoQ driven by all P&L lines: NII (volumes), fees (transactional), lower costs and LLP releases

50Note: Mar-25 data and YoY changes (loans, deposits and mutual funds in constant euros). US RoTE post-AT1 adjusted based on Group’s deployed capital calculated as contribution of RWAs at 12%, is 14.5%. US MEXICO Underlying P&L* Q1'25 % Q4'24 % Q1'24 % Q1'24¹ NII 1,129 3.5 8.4 -7.0 Net fee income 350 8.9 13.6 -2.5 Total revenue 1,506 -2.4 9.1 -6.3 Operating expenses -628 -7.6 10.0 -5.6 Net operating income 878 1.6 8.5 -6.9 LLPs -304 14.5 -4.1 -17.7 Attributable profit 394 -8.7 11.6 -4.2 (*) € mn and % change in constant euros. (1) % change in current euros. Loans €117bn