Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 848

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 848
---
       |         |     |       |         |     |         |       |
| EUR million                     |     |      |        |         |     |       |         |     |       |         |     |         |       |
|                                 |     | 2022 |        |         |     |       |         |     |       |         |     |         |       |
| Credit qualityA                 |     |      |        | Stage 1 |     |       | Stage 2 |     |       | Stage 3 |     |         | Total |
| From AAA to AA-                 |     |      | 18,033 |         |     |    41 |         |     |     — |         |     |  18,074 |       |
| From A+ to BB                   |     |      |        |  35,902 |     |       |     342 |     |     — |         |     |  36,244 |       |
| From BB- to B-                  |     |      | 31,269 |         |     | 3,195 |         |     |     — |         |     |  34,464 |       |
| CCC and below                   |     |      |    432 |         |     | 4,547 |         |     | 7,705 |         |     |  12,684 |       |
| Total exposureB                 |     |      | 85,636 |         |     | 8,125 |         |     | 7,705 |         |     | 101,466 |       |
| Loan-loss reservesC             |     |      |    575 |         |     | 1,219 |         |     | 4,334 |         |     |   6,128 |       |

A. Detail of credit quality ratings calculated for Group management purposes.

B. Total exposure includes loan balances (drawn amounts) and off-balance (letters of credit + guarantees) and excludes REPOs, FV portfolio, trading portfolio and undrawn commitments.

C. Includes provisions for undrawn authorized lines (loan commitments).

For the expected losses estimation, prospective information is taken into account. Particularly, Santander Brazil considers threemacroeconomic scenarios, periodically updated. The evolution for a period of five yearsof the main macroeconomic indicators used to estimate the expected losses in Santander Brazil is as follows:

Annual report