Company: BCDRF
Filing Date: 2025-03-03
Form Type: 6-K
Source: 0000891478-25-000057
Chunk: 142

Company: Banco Santander, S.A.
Filing Date: 2025-03-03
Form: 6-K
Chunk 142
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 look-back approach, in which the most significant net change in 30 days over the preceding 24 months is calculated and then added as additional liquidity needs. Currency mismatches in the LCR The Group prepares its consolidated LCR ratio for each of its identified significant currencies, which reflect the geographies locations in which the Group's units operate: euro (EUR), US dollar (USD), pound sterling (GBP), Brazilian real (BRL), Mexican peso (MXN) and Chilean peso (CLP). Each of the entities also prepares its own LCR ratio in its significant currency. Units present a consistent position between the liquidity buffer and net outflows. Latin American countries have significant buffer positions in USD, so as to optimise the position and ensure high convertibility. The positions of foreign currencies are closely monitored, e.g. by conducting currency stress scenarios. Other items in the LCR calculation not captured in the LCR disclosure template that the institution considers relevant for its liquidity profile Contingent lines, which are the last driver of the LCR ratio, maintain a stable performance over time and line tracking and monitoring are performed daily. For further details, see the 'Economic and financial review' chapter and the 'Risk, compliance & conduct management' chapter in the 2024 Annual report.

| Access 2024 Annual Report available on the Santander Group website |

2024 Pillar 3 Disclosures Report 213

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

#### 9.1.2. Net Stable Funding Ratio (NSFR)
The net stable funding ratio (NSFR) is a regulatory metric which represents required stable funding against available stable funding. This metric requires banks to maintain a solid balance sheet in which assets and off-balance sheet activities are funded with stable liabilities. The Group monitors this metric on a monthly basis, which goes beyond the regulatory requirement.

We benefit from a high weighting of customer deposits, which are more stable, from permanent liquidity needs deriving from commercial activity funded by medium- and long-term instruments and limited use of short-term funding. Combining them has enabled Santander to maintain a balanced liquidity structure, reflected in a NSFR higher than 100%, both at the Group level and at the level of our subsidiaries, at end of December 2024.

For more information, see the LIQ2 table at the end of the chapter.

#### 9.1.3. Asset Encum