Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 12

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 12
---
8%

22 Cost of risk improvement and sound credit quality Note: data and YoY % changes in constant euros. Credit quality metrics and LLPs CoR 12 month LLPs Constant €mn 1.05% 1.08% 1.13% 1.18% 1.20% 1.21% 1.18% 1.15% 2,829 2,818 3,154 3,293 3,016 3,051 3,057 3,209 Q1'23 Q2 Q3 Q4 Q1'24 Q2 Q3 Q4 Dec-23 Sep-24 Dec-24 NPL ratio 3.14% 3.06% 3.05% Coverage ratio 66% 64% 65% Stage 1 €1,000bn €1,008bn €1,002bn Stage 2 €80bn €87bn €88bn Stage 3 €36bn €36bn €35bn Other credit quality metrics

23 1 12.8 -0.26 -0.17 -0.09 12.5 +0.82 Sep-24 Organic generation Shareholder remuneration Regulatory & Models Markets & others Dec-24 Strong organic capital generation, with profitable front-book growth of 23% RoTE and significant RWA mobilization CET1 performance and capital productivity FL CET1 % Maximize capital productivity Dec-24 or estimates Front book pricing RoRWA of new book 2.9% Asset rotation and risk transfer activities RWAs mobilized vs. credit RWAs 19% % RWAs with RoRWA > CoE 87% Zero day-one impact from Basel III Note: zero day-one impact from Basel III under the final texts published in June 2024 of Regulation 2024/1623 (CRR3) and Directive 2024/1619 (CRD6). However, during 2025 the publication of ECB guides on options and discretions and EBA mandates could result in additional impacts on CET1 ratios across the industry. (1) Deduction for expected shareholder remuneration against profit earned in Q4 2024. Our target payout is approximately 50% of Group reported profit (excluding non-cash, non-capital ratios impact items), divided approximately equally between cash dividends and share buybacks. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals.

24 A new