Company: BCDRF
Filing Date: 2025-10-29
Form Type: 6-K
Source: 0000891478-25-000132
Chunk: 55

Company: Banco Santander, S.A.
Filing Date: 2025-10-29
Form: 6-K
Chunk 55
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 affluent segments in Spain. • In terms of Property & Casualty, we are expanding into high growth verticals such as: i) Health, where we launched a new complementary health insurance with Bupa Group in Chile; and ii) SMEs, where we are expanding our value offering with new protection business products in collaboration with Getnet. We launched Ingreso Empresarial in Mexico and Facturación Protegida in Argentina, to protect business revenue against contingencies (damage due to external causes, failure to open, death, disability and hospitalization, among others). We are working to further enhance the value we offer to our customers to drive long-lasting relationships by integrating personalized financial advice at the core of our strategy in every country. Since 2023, In surance has operated under a single holding company, which has enabled us to centralize management, governance, risk and control across all insurance entities. This has improved the integration of the Insurance business within the Group’s model. • Portfolio Investments was incorporated as a fourth vertical that combines the investment platforms unit and stakes in other companies. We have integrated this business line into Wealth to capture synergies and enhance our value proposition and the service provided to our customers.

| January - September2025 |     | 41 |

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

Business performance

Total assets under management (AuMs) reached a new record of EUR 536 billion, up 11 % year-on-year in constant euros, driven by solid commercial activity and a positive market performance. By business and in constant euros, volumes performed as follows: • In PB , customer assets and liabilities reached a record of EUR 354 billion (+11% year-on-year), with all product categories growing, especially funds as we focus on offering products with greater added value, such as alternative products and discretionary portfolio management. Net new money totalled EUR 16.7 billion, increasing 29% year-on-year, with relevant growth in commitments in private assets. We remain focused on offering our customers the benefits of our scale and international presence. This resulted in 7% year-on-year growth in our customer base to c.310,000. • In SAM , total assets under management reached an all-time high of EUR 255 billion, +12% year-on-year, on the back of solid commercial activity in most countries. Net sales in 9M