Company: BCDRF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0000891478-25-000054
Chunk: 770

Company: Banco Santander, S.A.
Filing Date: 2025-02-28
Form: 20-F
Chunk 770
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,551 |     |      |  57,363 |     |      |  50,508 |
| Other                        |     |      |  72,942 |     |      |  55,910 |     |      |  42,164 |

The breakdown as at 31 December 2024 of the exposures and the provision fund out of balance sheet by impairment stage is EUR 435,147million and EUR 305million (EUR 398,243million and EUR 302million in 2023 and EUR 370,729million and EUR 331million in 2022) in stage 1, EUR 17,587million and EUR 192million (EUR 8,528million and EUR 174million in 2023 and EUR 7,092million and EUR 191million in 2022) in stage 2 and EUR 1,521million and EUR 213million (EUR 1,526million and EUR 226million in 2023 and EUR 1,782million and EUR 212million in 2022) in stage 3, respectively.

Income from guarantee instruments is recognised under 'Fee and commission income' in the consolidated income statements and is calculated by applying the rate established in the related contract to the nominal amount of the guarantee.

i. Loan commitments granted

Loan commitments granted: firm commitments of grating of credit under predefined terms and conditions, except for those that comply with the definition of derivatives as these can be settled in cash or through the delivery of issuance of another financial instrument. They include stand-by credit lines and long-term deposits.

ii. Financial guarantees granted

Financial guarantees includes, inter alia, financial guarantee contracts such as financial bank guarantees, credit derivatives sold, and risks arising from derivatives arranged for the account of third parties.

iii. Other commitments granted

Other contingent liabilities include all commitments that could give rise to the recognition of financial assets not included in the above items, such as technical guarantees and guarantees for the import and export of goods and services.

b) Memorandum items

i. Off-balance-sheet funds under management

The detail of off-balance-sheet funds managed by the Group and by joint ventures is as follows:

| EUR million             |     |         |      |     |         |      |     |         |      |
|                         |     |         | 2024 |     |         | 2023 |     |         | 2022 |
| Investment funds        |     | 178,