Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000103
Chunk: 51

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 51
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 model, with focus on capital efficiency, active management and profitability.

| Recent awards                                             |     |                                                                     |     | Ranking in League Tables H1 2025 |     |                      |     |      |
| Euromoney                                                 |     | Global Capital                                                      |     | Structured Finance               |     | Debt Capital Markets |     |      |
| Best Investment Bank in Spain and Poland                  |     | SRT Bank of the Year in Europe and US / Emerging Force in SSA Bonds |     |                                  |     |                      |     |      |
| IJGlobal                                                  |     | Global Finance                                                      |     | Equity Capital Markets           |     | M&A                  |     | ECAs |
| Renewable Deal of the Year - Offshore Wind, North America 
 Oil & Gas Deal of the Year - Africa                       |     | Best Bank for Transaction Banking in Latin America                  |     |                                  |     |                      |     |      |

| 38 |     | January- June2025 |

| Significant events    
 Key consolidated data 
 Business model        |     | Group financial information |     | Financial information by segment |     | Sustainability       
 Corporate governance |     | Appendix |     | Index |

Business performance We remain focused on capital-light activity and actively managing our balance sheet. As a result, our total revenue to risk-weighted assets ratio improved 1.1 pp year-on-year up to 8.0%. Gross customer loans and advances (which are mainly concentrated in GB and GTB), excluding reverse repos and in constant euros, were down 2% year-on-year, as the increase in GM could not compensate the decrease in GTB (mainly South America). Customer deposits, excluding repos and in constant euros, were flat year-on-year, as the growth in Cash Management (GTB) was offset by the reduction in GM, in line with our strategy to optimize funding costs. By business line, we had the following performance: • Global Transaction Banking recorded good activity levels in a challenging business environment: In Trade & Working Capital Solutions, activity continued to accelerate driven by: i) new value-added initiatives, such as the enhanced platform to centralize our clients' confirming needs, ii) the expansion into new segments and the diversification of client portfolios, partnering with major private equity and credit funds, as well as asset managers, such as Pemberton and Apollo, and iii) good business performances in key markets, such as the US. In Export Finance, activity was lower compared to a particularly strong H1 2024