Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 714

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 714
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      |     |         |      |     |         |      |
| Euro                                                                  |     |  53,779 |      |     |  53,921 |      |     |  65,133 |      |
| Pound sterling                                                        |     |  21,853 |      |     |  27,697 |      |     |  35,357 |      |
| US dollar                                                             |     |  57,992 |      |     |  49,447 |      |     |  30,924 |      |
| Brazilian real                                                        |     |   7,459 |      |     |   7,997 |      |     |  14,195 |      |
| Other currencies                                                      |     |  16,794 |      |     |  19,580 |      |     |  19,176 |      |
| TOTAL                                                                 |     | 157,877 |      |     | 158,642 |      |     | 164,785 |      |

At 31 December 2024, noconditional long-term financing of the European Central Bank (TLTRO- Targeted Long-Term Refinancing Operation-) is outstanding. As of 2023 and 2022, the balance of such financing amounted to EUR 11,583million and EUR 33,536million, respectively, all corresponding to the TLTRO III financing program.

At 31 December 2024, the expense recognized in the consolidated income statement corresponding to TLTRO III amounts to EUR 158million (expense of EUR 659million and income EUR 489million at 31 December 2023 and 2022, respectively), as a result of the conditions of the financing program.

Note 51 contains a detail of the residual maturity periods of financial liabilities at amortised cost.

21. Customer deposits

The detail, by classification, geographical area and type, of Customer deposits is as follows:

| EUR million                                                           |     |           |      |     |           |      |     |           |      |
|                                                                       |     |           | 2024 |     |           | 2023 |     |           | 2022 |
| Classification                                                        |     |           |      |     |           |      |     |           |      |
| Financial liabilities held for trading                                |     |    18,984 |      |     |    19,837 |      |     |    12