Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000078
Chunk: 43

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 43
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 more than offset by a decline in the US, which was affected by the wind down of business through our relationship with Stellantis, lower demand for electric vehicles and our strategy to prioritize profitability over volumes. Customer deposits increased 12% year-on-year, and now account for 62% of Consumer's total funding, 5 pp more than a year ago. Excluding repos and in constant euros, they were up 12% (+14% in DCB Europe and +7% in the US), reflecting our focus on deposit gathering, supported by Openbank. Mutual funds rose 16% in constant euros, up from very low levels. Our access to wholesale funding markets remained strong and diversified.

| Consumer. Business.March 2025                  |     |     |     |     |     |     |     |      |
| EUR billion and YoY % change in constant euros |     |     |     |     |     |     |     |      |
|                                                |     | 214 |     | +4% |     | 141 |     | +12% |

| DCB Europe |
| DCB US     |

| DCB Europe |
| DCB US     |

| Gross loans and advances to customers excl. reverse repos |     | Customer deposits excl. 
 repos + mutual funds    |

| Consumer. Leasing portfolio.March 2025         |     |    |     |     |
| EUR billion and YoY % change in constant euros |     |    |     |     |
| Total leasing                                  |     | 16 |     | -8% |

Results In Q1 2025, attributable profit reached EUR 492 million, 6% higher than the same period in 2024. In constant euros, profit was also up 6%, as follows: • Total income rose 2%, mainly due to net interest income, which also grew 2%, supported by our efforts in margin management and volumes growth in Europe. Net interest income in the US rose as the increase from higher yields more than offset lower credit volumes.

Net fee income declined (-3%), despite strong growth in the US (auto fees), mainly due to DCB Europe, which was impacted by new insurance regulation in Germany. Leasing income fell, due to lower residual values, lower volumes and lower gains on sales in the US.

| Consumer. Total income.Q1 2025                 |
| EUR million and YoY % change in constant euros |

| DCB Europe |
| DCB US     |