Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 29

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 29
---
3'24 2024 % 2023 % 2023¹ NII 1,313 3.0 4,950 -6.5 -3.9 Net fee income 61 -25.1 283 -18.4 -16.2 Total revenue 1,356 -0.5 5,216 -8.1 -5.6 Operating expenses -756 5.0 -2,918 3.4 6.3 Net operating income 600 -6.7 2,299 -19.5 -17.3 LLPs 34 — -64 -74.9 -74.2 Attributable profit 331 -5.8 1,306 -17.7 -15.4 (*) € mn and % change in constant euros. (1) % change in current euros.

50 Portugal and Polonia Portugal Poland Note: Dec-24 data and YoY changes (loans, deposits and mutual funds in constant euros). • Loans up supported by sound new business levels. Solid increases in deposits and mutual funds, in line with sustained customer growth in high value-added segments • Profit +12% YoY, boosted by NII (better loan yields and higher volumes), cost control, LLP decrease and solid asset quality • QoQ profit impacted mainly by new interest rate environment and cost seasonality • Customer growth driving a strong increase in loans, mainly in Retail and CIB. Deposit growth and outstanding rise in mutual funds • Profit up 13% YoY, supported by NII and fees (FX and mutual funds) and improved LLPs, which more than offset higher costs (competitive labour market) • Net operating income rose 1% QoQ, backed by NII (volumes) and cost improvements. Profit impacted by CHF provisions Loans Deposits Mutual Funds Efficiency CoR RoTE Loans Deposits Mutual Funds Efficiency CoR RoTE €39bn +4% €38bn +5% €5bn +15% 26.1% -1.3pp 0.03% -17bps 25.4% -0.6pp €39bn +10% €50bn +11% €6bn +30% 27.1% +0.0pp 1.38% -70bps 20.2% +2.5pp Underlying P&L* Q4'24 % Q3'24 2024 % 2023 NII 332 -10.8