Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000113
Chunk: 158

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 158
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810 |     |              | 22,625 |
| Allowances for credit institutions and other financial assets                     |     |              |      5 |     |      |      9 |     |      |      6 |     |              |      7 |     |              |      4 |
| Allowances for Debt instruments                                                   |     |              |    349 |     |      |    286 |     |      |    226 |     |              |    396 |     |              |    387 |
| Allowances for Financial assets at amortised cost                                 |     |              | 22,327 |     |      | 22,950 |     |      | 22,888 |     |              | 21,086 |     |              | 22,815 |
| Allowances for Financial assets at fair value through other comprehensive income  |     |              |    152 |     |      |    133 |     |      |     28 |     |              |    127 |     |              |    201 |

(A) Allowances for credit impaired loans and advances to customers, customer guarantees and customer commitments granted. As of 30 June 2025, these metrics exclude the assets associated with the businesses subject to the Poland disposal. Including those assets 'Allowances for total balances' would amount to EUR 22,441 million.

(B) Includes mainly allowances for debt instruments.

| 172 |     | January - June 2025 |

## ITEM 4. RISK FACTORS
For a description of risks associated with Banco Santander and the Group, see the section entitled 'Risk Factors' in our 2024 Form 20-F. Set out below are certain risk factors which could have a material adverse effect on Banco Santander’s and the Group’s business, operations, financial condition or prospects and cause future results to be materially different from expected results. The risks appearing below update and supplement certain risks highlighted in our 2024 Form 20-F. These risks should be read in conjunction with the other risks appearing in our 2024 Form 20-F and all of the other information appearing in this report on Form 6-K and should not be regarded as a complete and comprehensive statement of all potential risks and uncertainties that Banco Santander and the Group face. In addition, Banco Santander’s results could be affected by competition and other factors, there may be additional risks that Banco Santander currently considers not to be material or of which we