Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 44

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 44
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     |        |
|                         |     | n      |     | CCyBC         |     | 0.39% |     | C. Countercyclical buffer                             |     |                                    |     |        |
|                         |     | n      |     | SyRBD         |     | 0.03% |     | D. Systemic risk buffer                               |     |                                    |     |        |

2024 Pillar 3 Disclosures Report 49

| Index |     | Introduction |     | Capital |     | Risks |     | Risk taker's remunerations |     | Appendices |

2.5. Leverage ratio This section covers the qualitative requirement LRA - Free format text boxes for disclosure on qualitative items. Basel III established the leverage ratio as a non-risk-sensitive measure to limit excessive growth of the balance sheet relative to available capital. The ratio is calculated as the ratio of Tier 1 divided by the leverage exposure. This exposure is calculated as the sum of the following components: • Asset value, without derivatives and without elements considered as deductions in Tier 1 (for example, the loan balance is included but not goodwill), also excluding the exposures referred to in section 1 of article 429.a of the standard.

| Leverage ratio  (CRR fully-loaded, fully-loaded IFRS 9) |

With the publication of CRR II the definitive calibration of the leverage ratio was set at 3% for all institutions, with G-SIBs being subject to an additional surcharge of 50% of the ratio of the buffer applicable to the global systemically important institution (G-SII) from January 2023 on. Adjustments to its calculation are also included, notably the exclusion of certain exposures from the measure of total exposure: exposures to central banks in exceptional circumstances, public loans, transfer loans and officially guarantees export credits.

• Off-balance-sheet accounts (mainly: guarantees, undrawn credit limits, letters of credit) weighted by the conversion factors of the standardised approach to credit risk. • Inclusion of the net value of derivatives (gains and losses against a single counterparty are netted, minus collateral – provided certain criteria are met) plus a surcharge for potential future exposure. • A surcharge for the potential risk of financing securities transactions. • Lastly, a surcharge is included for risk relating to unhedged credit derivatives (CDS). The following tables illustrate the ratios published by Santander as of December 2024.