Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 6

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 6
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918 2,999 3,077 3,035 3,015 2,996 3,034 3,180 Q1'23 Q2 Q3 Q4 Q1'24 Q2 Q3 Q4 Revenue (€mn) Costs (€mn) 6,628 7,028 7,472 7,211 7,491 7,850 7,866 7,899 Q1'23 Q2 Q3 Q4 Q1'24 Q2 Q3 Q4 Revenue and costs excluding Argentina. Operational leverage FY’24 vs. FY’23 +10% Key strategic drivers +2% Digital sales +16% YoY
9 5.2 5.2 2023 2024 12.2 12.9 2023 2024 Customer experience Operational leverage Global platform Success from our transformation Key strategic drivers 1.10 0.95 2023 2024 Retail deposits cost-to-serve (%) Operating expenses / ANEAs (%) Total customers (mn) -1% -0.15pp -0.21pp Note: data and YoY changes in constant euros. ANEAs: average net earning assets, including renting. Costs (€bn) Consumer: Openbank roll out demonstrates the benefits of our strategy to deliver the best solutions to customers and transform our operating model launched in the USAmazon and Apple Loan-to-deposit ratio (%) Optimized funding structure +6% -1% 173 161 Dec-23 Dec-24 -12pp $2bn deposits gathered Operational leverage Moving all units to Group best practices with c.60k customers in the US since launch in Q4 25.4 25.0 Dec-23 Dec-24 Revenue (€bn) 2.60 2.39 2023 2024

10 499 552 2023 2024 1.1 1.2 2023 2024 +11% CIB, Wealth and Payments: driving fee growth and scale through global platforms CIB Leveraging our strengths to better serve our corporate customers and institutions Wealth Accelerating our customers’ connectivity with our global product platforms Payments Seizing a growing opportunity by capturing scale through global platforms Key strategic drivers Fee growth (€bn) % Total revenue / RWAs % customer related revenue +0.2pp+21% 84 84 2023 2024 80% 2.1 2.5