Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 33

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 33
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 South America Note: Dec-24 data and YoY changes (loans, deposits and mutual funds in constant euros). Highlights Key data and P&L Underlying P&L* Q4'24 % Q3'24 2024 % 2023 % 2023¹ NII 4,210 20.5 15,566 27.3 19.4 Net fee income 1,348 17.3 4,864 11.2 3.9 Total revenue 5,316 14.7 19,783 17.9 10.1 Operating expenses -1,865 16.5 -6,943 7.1 0.3 Net operating income 3,450 13.7 12,841 24.8 16.2 LLPs -1,404 7.3 -5,478 9.0 1.4 Attributable profit 1,198 22.9 3,863 36.4 27.1 (*) € mn and % change in constant euros. (1) % change in current euros. Loans Deposits Mutual Funds Efficiency CoR RoTE €154bn +9% €132bn +12% €69bn +14% 35.1% -3.4pp 3.50% +14bps 18.7% +4.3pp • We are focused on becoming the primary bank for our 80 million customers (+7mn YoY) and the most profitable in each of our countries, supported by our focus on service quality • Loans grew 9% YoY, with growth across all global businesses, especially in Retail and Consumer. Deposits and mutual funds grew double-digits, with overall increases across global businesses and countries • Profit rose double-digits YoY, backed by strong NII (higher activity and lower cost of deposits in general), along with solid fee growth across the board • Significant efficiency gains YoY (-3pp) driving up profitability (RoTE +4pp) • Profit up QoQ, with growth across businesses and countries, supported by all revenue lines and lower tax burden. Results affected by updated Argentina FX rate

54Note: Dec-24 data and YoY changes (loans, deposits and mutual funds in constant euros). Brazil Chile Loans Deposits Mutual Funds Efficiency CoR RoTE Loans Deposits Mutual Funds Efficiency CoR RoTE €94bn +10% €81bn +8% €